Allspring Global Investments Holdings LLC Has $3.16 Million Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Allspring Global Investments Holdings LLC boosted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) by 677.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,678 shares of the business services provider's stock after acquiring an additional 21,503 shares during the period. Allspring Global Investments Holdings LLC's holdings in Booz Allen Hamilton were worth $3,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $31,000. R Squared Ltd bought a new stake in Booz Allen Hamilton during the fourth quarter valued at $31,000. Berbice Capital Management LLC bought a new stake in Booz Allen Hamilton during the fourth quarter worth about $39,000. Kennebec Savings Bank bought a new stake in Booz Allen Hamilton during the third quarter worth about $60,000. Finally, Matrix Trust Co lifted its stake in shares of Booz Allen Hamilton by 734.8% in the 4th quarter. Matrix Trust Co now owns 743 shares of the business services provider's stock valued at $96,000 after acquiring an additional 654 shares during the last quarter. Institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Down 1.2 %

Booz Allen Hamilton stock traded down $1.36 during mid-day trading on Friday, reaching $112.27. 4,374,811 shares of the company's stock were exchanged, compared to its average volume of 2,115,542. The company has a market cap of $14.22 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.31 and a beta of 0.55. Booz Allen Hamilton Holding Co. has a twelve month low of $106.69 and a twelve month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The company has a fifty day moving average of $129.90 and a 200-day moving average of $147.98.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Sell-side analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 32.79%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BAH. Jefferies Financial Group downgraded Booz Allen Hamilton from a "buy" rating to a "hold" rating and upped their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating on the stock in a report on Monday, February 3rd. Truist Financial cut their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Raymond James raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Monday, February 3rd. Finally, TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of "Hold" and a consensus price target of $158.91.

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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.