Mount Yale Investment Advisors LLC Sells 1,768 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Mount Yale Investment Advisors LLC trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 22.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,195 shares of the aerospace company’s stock after selling 1,768 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Leidos were worth $904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LDOS. Boston Partners boosted its holdings in Leidos by 5.8% during the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after purchasing an additional 188,458 shares during the last quarter. Northern Trust Corp lifted its position in Leidos by 0.5% during the 4th quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock worth $124,470,000 after buying an additional 6,284 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Leidos by 39.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock worth $114,102,000 after buying an additional 222,179 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after acquiring an additional 572,316 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Leidos by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 553,812 shares of the aerospace company’s stock worth $80,790,000 after acquiring an additional 89,406 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LDOS shares. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted 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. Barclays increased their price target on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup boosted their price objective on shares of Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial lifted their price target on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Two investment 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 stock. According to MarketBeat, Leidos currently has an average rating of “Moderate Buy” and an average price target of $163.08.

Leidos Price Performance

Leidos stock opened at $157.06 on Monday. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 67.70, a PEG ratio of 1.38 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 $159.10. The stock’s 50 day moving average is $151.25 and its 200-day moving average is $143.09.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the firm posted $1.80 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts expect that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio is currently 65.52%.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 directly owns 11,264 shares in the company, valued at $1,622,241.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’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 transaction of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

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.