Allspring Global Investments Holdings LLC Sells 17,285 Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH)

Allspring Global Investments Holdings LLC reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,684 shares of the business services provider’s stock after selling 17,285 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Booz Allen Hamilton were worth $13,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAH. Janiczek Wealth Management LLC bought a new stake in Booz Allen Hamilton during the third quarter valued at about $25,000. VisionPoint Advisory Group LLC increased its stake in shares of Booz Allen Hamilton by 75.6% in the third quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after purchasing an additional 118 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Booz Allen Hamilton during the 3rd quarter worth about $31,000. DHJJ Financial Advisors Ltd. bought a new stake in Booz Allen Hamilton during the 3rd quarter valued at approximately $34,000. Finally, BKM Wealth Management LLC acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at approximately $40,000. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Booz Allen Hamilton 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 transaction, the chief operating officer now directly owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Kristine Anderson sold 5,068 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $139.88, for a total transaction of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at $10,023,241.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Horacio Rozanski sold 49,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $145.69, for a total value of $7,138,810.00. Following the completion of the transaction, the chief executive officer now owns 557,411 shares in the company, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. Insiders sold 55,568 shares of company stock worth $8,067,487 in the last quarter. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BAH. JPMorgan Chase & Co. upped their price target 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 lifted their price objective on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. The Goldman Sachs Group increased their target price on Booz Allen Hamilton from $141.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Barclays lowered Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.11.

Booz Allen Hamilton Stock Down 1.3 %

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

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.54 billion. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 5.4 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

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

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.