In recent news, Barclays PLC has made a significant move regarding its position in Booz Allen Hamilton Holding Co. The renowned financial institution disclosed that it has reduced its stake in the business services provider by 11.2% during the first quarter of this year. This information was obtained from Barclays’ most recent 13F filing with the Securities and Exchange Commission (SEC). As a result of the transaction, Barclays now holds 112,432 shares of Booz Allen Hamilton, a decrease of 14,186 shares from the previous quarter. Based on the latest SEC filing, these holdings are estimated to be worth $10,421,000.
The shift in Barclays’ position signifies its strategic decision and possibly reflects its outlook on Booz Allen Hamilton’s future performance. Investors tend to evaluate their portfolios regularly and make decisions based on market conditions or an analysis of prospective returns. While this reduction may appear significant at first glance, it is crucial to assess any sales or purchases within the broader context of an investment portfolio.
Booz Allen Hamilton released its quarterly earnings results on May 26th which shed some light on the company’s recent performance. The business services provider reported earnings per share (EPS) of $1.01 for the quarter, surpassing analysts’ consensus estimate by $0.09. Additionally, Booz Allen Hamilton generated revenue amounting to $2.43 billion during this period, slightly higher than expectations set at $2.39 billion by industry experts.
Further analysis reveals that Booz Allen Hamilton achieved a net margin of 3.05% and a return on equity (ROE) of 58.40%. It is worth noting that these figures demonstrate improvements compared to the same quarter last year as the company’s revenue increased by 8.7%. In comparison to Q1 of the previous fiscal year, when Booz Allen Hamilton reported EPS of $0.86, this year’s figure represents a substantial growth.
Recent reports from influential analysts have offered valuable insight into the company’s potential. TD Cowen, for instance, raised its price target on Booz Allen Hamilton from $123.00 to $144.00 and bestowed an “outperform” rating upon the stock. Similarly, 51job maintained their rating on the company as “maintains,” while Jefferies Financial Group increased their target price to $120.00. StockNews.com initiated coverage and noted a “hold” rating on Booz Allen Hamilton’s shares. This diverse range of opinions from respected experts provides investors with a comprehensive view of the stock’s prospects.
Currently, four equities research analysts rate Booz Allen Hamilton as a hold, while another four issued a buy recommendation for the company’s shares. With regards to consensus ratings, data from Bloomberg shows that Booz Allen Hamilton has received a “Moderate Buy” rating overall, with an average target price of $119.00.
As we approach August 8, 2023, investors are likely following these developments closely and considering their own positions in Booz Allen Hamilton Holding Co. Barclays PLC’s reduction in share ownership sparks curiosity among market participants about potential underlying reasons behind this decision, as well as its impact on other investors’ sentiment towards the company. One thing is certain: these recent events have contributed to greater speculation surrounding the future performance and value of Booz Allen Hamilton in a competitive business landscape.
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Recent Changes in Ownership Structure and Insider Movements at Booz Allen Hamilton Holding Co.
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”BAH” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Booz Allen Hamilton Holding Co. (BAH) has recently seen significant changes in its ownership structure, with various institutional investors making adjustments to their positions in the company. Among these investors is Johnson Financial Group Inc., which boosted its holdings in Booz Allen Hamilton by a staggering 281.5% during the fourth quarter of the previous year. This increase resulted in Johnson Financial Group now owning 412 shares of the business services provider’s stock, valued at approximately $43,000 after purchasing an additional 304 shares.
Another institutional investor that purchased a stake in Booz Allen Hamilton is New England Capital Financial Advisors LLC. This investor acquired a new stake worth $50,000 during the fourth quarter, while Heritage Wealth Advisors also joined the ranks of shareholders by purchasing a new stake worth $55,000 over the same period. First Horizon Advisors Inc., on the other hand, experienced a 28.3% boost in its holdings by acquiring an additional 117 shares, resulting in them now owning 531 shares worth $55,000.
In more recent news concerning Booz Allen Hamilton’s executive leadership team, EVP Susan L. Penfield sold a significant number of shares amounting to 22,600 on May 31st at an average price of $100.78 per share. The total transaction value reached an impressive $2,277,628. Following this sale, Penfield presently holds 19,793 shares valued at around $1,994,738.
This sale was disclosed according to regulations set forth by the Securities & Exchange Commission (SEC) and further details can be accessed through their website for those interested in exploring further information regarding this transaction or any related disclosures.
Additionally, another top executive from Booz Allen Hamilton’s management team made moves involving company stock recently as well; EVP Nancy Laben sold 4,117 of her personal shares on June 13th at an average price of $105.00 per share, resulting in a total transaction value of $432,285. After this sale, Laben now holds 32,614 shares in the company, which equates to a total value of $3,424,470.
It is worth noting that in the previous quarter alone, insiders have sold approximately 120,920 shares of Booz Allen Hamilton stock valued at $13,140,062. This signifies that roughly 1.76% of the company’s stock is currently owned by insiders.
In terms of public trading activity relating to Booz Allen Hamilton Holding Co., its stock recently opened at $123.35 on Tuesday. The company has experienced fluctuations throughout the year with a 52-week low of $87.99 and a 52-week high of $125.19.
Furthermore, Booz Allen Hamilton Holding Co. possesses a market capitalization of approximately $16.16 billion and maintains a price-to-earnings ratio of 55.81 alongside a PEG ratio of 2.40.The company’s beta sits at 0.61 while it has recorded a fifty-day simple moving average of $111.41 and a two hundred-day simple moving average reaching roughly $100.38.
It is important to highlight that within the last quarter studied, Booz Allen Hamilton had demonstrated favorable liquidity ratios including a quick ratio and current ratio both at an optimal level of 1.21 along with showcasing positive fundamentals as reflected by its debt-to-equity ratio currently standing at an impressive value of 2:71.
In summary, Booz Allen Hamilton Holding Co.’s recent changes in institutional ownership highlight growing interest from various investors who see potential in the business services provider’s stock performance and overall prospects for growth. Moreover, insider movements involving significant share sales provide insight into executive sentiment regarding the company’s financial health and future trajectory within the industry.
