Allspring Global Investments Holdings LLC trimmed its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,548 shares of the business services provider’s stock after selling 16,036 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.22% of Booz Allen Hamilton worth $27,293,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in shares of Booz Allen Hamilton by 73.9% during the second quarter. First Horizon Advisors Inc. now owns 346 shares of the business services provider’s stock worth $30,000 after buying an additional 147 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $30,000. Private Trust Co. NA bought a new stake in shares of Booz Allen Hamilton during the second quarter worth $37,000. Wipfli Financial Advisors LLC bought a new stake in shares of Booz Allen Hamilton during the third quarter worth $44,000. Finally, Money Concepts Capital Corp grew its stake in shares of Booz Allen Hamilton by 31.7% during the second quarter. Money Concepts Capital Corp now owns 1,014 shares of the business services provider’s stock worth $94,000 after buying an additional 244 shares during the last quarter. 90.68% of the stock is owned by institutional investors.
Insider Buying and Selling at Booz Allen Hamilton
In other Booz Allen Hamilton news, EVP Richard Crowe sold 2,573 shares of Booz Allen Hamilton stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $100.00, for a total value of $257,300.00. Following the completion of the sale, the executive vice president now directly owns 14,278 shares of the company’s stock, valued at $1,427,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.23% of the company’s stock.
Booz Allen Hamilton Price Performance
Booz Allen Hamilton (NYSE:BAH – Get Rating) last released its earnings results on Friday, October 28th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.22. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Booz Allen Hamilton had a net margin of 6.00% and a return on equity of 52.33%. Booz Allen Hamilton’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. On average, analysts expect that Booz Allen Hamilton Holding Co. will post 4.46 earnings per share for the current year.
Booz Allen Hamilton Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Tuesday, November 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Monday, November 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 43.65%.
Analysts Set New Price Targets
A number of analysts have weighed in on BAH shares. Truist Financial boosted their target price on shares of Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a research note on Monday, October 31st. Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. StockNews.com upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an “overweight” rating in a report on Monday, November 7th. Finally, Raymond James lowered shares of Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a report on Wednesday, October 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.
Booz Allen Hamilton 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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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