Booz Allen Hamilton Holding Co. (NYSE:BAH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,684 shares of the business services provider’s stock after selling 17,285 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.08% of Booz Allen Hamilton worth $13,902,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in Booz Allen Hamilton by 312.6% during the 4th quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock valued at $530,878,000 after purchasing an additional 3,848,242 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock valued at $497,084,000 after acquiring an additional 736,404 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Booz Allen Hamilton by 53.0% during the first quarter. WCM Investment Management LLC now owns 4,147,380 shares of the business services provider’s stock worth $384,421,000 after acquiring an additional 1,435,898 shares during the last quarter. State Street Corp lifted its stake in shares of Booz Allen Hamilton by 4.0% in the first quarter. State Street Corp now owns 2,997,648 shares of the business services provider’s stock worth $277,852,000 after acquiring an additional 115,861 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Booz Allen Hamilton by 30.1% in the third quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock worth $324,341,000 after acquiring an additional 686,318 shares in the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BAH shares. JPMorgan Chase & Co. lifted their price objective on Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. Jefferies Financial Group increased their price objective on shares of Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays lowered shares of Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. Finally, Wells Fargo & Company lifted their price target on Booz Allen Hamilton from $138.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.11.

Booz Allen Hamilton Price Performance

BAH opened at $142.25 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The company’s 50-day moving average price is $146.33 and its 200 day moving average price is $133.51. Booz Allen Hamilton Holding Co. has a fifty-two week low of $89.80 and a fifty-two week high of $150.59. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.28. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the firm earned $1.07 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 5.4 earnings per share for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were issued a dividend of $0.51 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 9th. This represents a $2.04 annualized dividend and a dividend yield of 1.43%. Booz Allen Hamilton’s payout ratio is 65.81%.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at approximately $3,730,437.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $139.88, for a total value of $708,911.84. Following the completion of the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at $10,023,241.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Calderone sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,568 shares of company stock worth $8,067,487. Insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.