1,641 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,641 shares of the aerospace company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Leidos during the fourth quarter worth $18,976,000. Cerity Partners LLC acquired a new position in Leidos during the 4th quarter worth about $292,000. Louisiana State Employees Retirement System purchased a new position in Leidos during the 4th quarter valued at about $898,000. abrdn plc boosted its holdings in Leidos by 72.5% during the 4th quarter. abrdn plc now owns 56,234 shares of the aerospace company’s stock valued at $6,087,000 after acquiring an additional 23,638 shares during the period. Finally, Lindbrook Capital LLC grew its position in Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LDOS shares. Stifel Nicolaus increased their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Citigroup increased their target price on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their target price on Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.25.

Leidos Stock Up 1.1 %

Shares of NYSE LDOS opened at $154.90 on Friday. The business has a 50-day moving average of $147.68 and a two-hundred day moving average of $138.46. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 66.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. Leidos Holdings, Inc. has a 1 year low of $89.22 and a 1 year high of $155.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.80 EPS. On average, analysts forecast that Leidos Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is 65.52%.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Leidos news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.