Profund Advisors LLC Trims Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Profund Advisors LLC decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,121 shares of the aerospace company’s stock after selling 70 shares during the period. Profund Advisors LLC’s holdings in Leidos were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Key Financial Inc grew its holdings in shares of Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Leidos by 2.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after acquiring an additional 76 shares during the period. Somerset Trust Co grew its holdings in shares of Leidos by 4.7% during the 2nd quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock worth $342,000 after acquiring an additional 106 shares during the period. UMB Bank n.a. grew its holdings in shares of Leidos by 3.1% during the 2nd quarter. UMB Bank n.a. now owns 3,569 shares of the aerospace company’s stock worth $521,000 after acquiring an additional 107 shares during the period. Finally, Czech National Bank grew its stake in shares of Leidos by 0.5% in the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

LDOS has been the topic of several recent research reports. Bank of America upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. TD Cowen upped their price target on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. JPMorgan Chase & Co. upped their price target on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Truist Financial upped their price target on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. 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. Based on data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $163.08.

Leidos Price Performance

NYSE LDOS opened at $159.69 on Friday. The business’s fifty day moving average price is $151.91 and its 200-day moving average price is $143.72. The stock has a market capitalization of $21.51 billion, a price-to-earnings ratio of 68.83, a PEG ratio of 1.41 and a beta of 0.70. 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 Holdings, Inc. has a 1-year low of $89.22 and a 1-year high of $160.32.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 EPS. On average, equities analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.95%. Leidos’s payout ratio is 65.52%.

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.