DekaBank Deutsche Girozentrale Sells 578 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

DekaBank Deutsche Girozentrale reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,517 shares of the aerospace company’s stock after selling 578 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Leidos were worth $6,574,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Leidos by 16.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,957 shares of the aerospace company’s stock valued at $6,839,000 after purchasing an additional 5,823 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Leidos by 38.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,930 shares of the aerospace company’s stock valued at $1,426,000 after acquiring an additional 2,467 shares during the last quarter. Ballentine Partners LLC boosted its stake in Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after acquiring an additional 62 shares during the last quarter. Heritage Oak Wealth Advisors LLC bought a new position in Leidos in the third quarter valued at approximately $263,000. Finally, Legacy Capital Group California Inc. bought a new position in Leidos in the third quarter valued at approximately $314,000. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction 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 sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LDOS. Royal Bank of Canada raised their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays increased their target price on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Leidos Stock Down 0.1 %

Shares of LDOS stock opened at $185.71 on Thursday. 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 1 year low of $94.57 and a 1 year high of $188.36. The firm’s fifty day moving average price is $161.89 and its two-hundred day moving average price is $150.56. The firm has a market capitalization of $25.02 billion, a P/E ratio of 58.22, a PEG ratio of 1.50 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business earned $2.03 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Leidos Holdings, Inc. will post 8.96 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, December 16th. Leidos’s payout ratio is presently 47.65%.

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.