Susquehanna Fundamental Investments LLC Invests $5.37 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Susquehanna Fundamental Investments LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 36,800 shares of the aerospace company’s stock, valued at approximately $5,368,000.

A number of other hedge funds have also recently added to or reduced their stakes in LDOS. Key Financial Inc grew its position in Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 70 shares in the last quarter. Bleakley Financial Group LLC increased its position in Leidos by 2.9% during the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock worth $350,000 after buying an additional 76 shares during the last quarter. Somerset Trust Co raised its holdings in Leidos by 4.7% during the second quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock valued at $342,000 after buying an additional 106 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Leidos by 3.1% in the second quarter. UMB Bank n.a. now owns 3,569 shares of the aerospace company’s stock worth $521,000 after buying an additional 107 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Leidos by 0.5% during the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS stock opened at $159.72 on Monday. The company has a market capitalization of $21.52 billion, a P/E ratio of 68.85, a P/E/G ratio of 1.41 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 12 month low of $89.22 and a 12 month high of $160.32. The stock has a 50 day moving average of $152.10 and a two-hundred day moving average of $144.17.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) 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 analyst estimates of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LDOS shares. TD Cowen raised their price objective on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price objective on shares of Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Bank of America upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Citigroup lifted their price objective on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.08.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’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 sale, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Leidos news, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’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 sale, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

About Leidos

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.