Booz Allen Hamilton Holding Corporation $BAH Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,590,848 shares of the business services provider’s stock after purchasing an additional 45,276 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Booz Allen Hamilton were worth $208,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BAH. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Booz Allen Hamilton in the 1st quarter valued at approximately $2,133,000. Geneos Wealth Management Inc. increased its stake in Booz Allen Hamilton by 51.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 14,577 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 4,967 shares during the period. Principal Financial Group Inc. raised its position in Booz Allen Hamilton by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 271,251 shares of the business services provider’s stock worth $21,166,000 after buying an additional 11,254 shares during the last quarter. Midwest Trust Co raised its position in Booz Allen Hamilton by 2.5% during the 1st quarter. Midwest Trust Co now owns 127,381 shares of the business services provider’s stock worth $9,940,000 after buying an additional 3,104 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Booz Allen Hamilton by 2,033.6% in the 1st quarter. Fifth Third Bancorp now owns 38,916 shares of the business services provider’s stock worth $3,037,000 after acquiring an additional 37,092 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BAH shares. Citigroup lowered their target price on shares of Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Stifel Nicolaus set a $110.00 price target on shares of Booz Allen Hamilton and gave the stock a “buy” rating in a report on Tuesday, May 26th. BNP Paribas Exane began coverage on shares of Booz Allen Hamilton in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price objective for the company. Wells Fargo & Company started coverage on Booz Allen Hamilton in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $85.00 price objective on the stock. Finally, UBS Group reiterated a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and a consensus target price of $81.08.

Booz Allen Hamilton Trading Up 2.1%

Shares of BAH opened at $65.31 on Friday. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $120.04. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.55. The firm has a market capitalization of $7.82 billion, a P/E ratio of 9.48, a PEG ratio of 3.64 and a beta of 0.36. The firm’s 50-day moving average is $71.31 and its two-hundred day moving average is $79.02.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. On average, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.24 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, June 10th. Booz Allen Hamilton’s payout ratio is presently 34.25%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.