Retirement Systems of Alabama Sells 59,429 Shares of Leidos Holdings, Inc. (LDOS)

Retirement Systems of Alabama cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 24.3% during the second quarter, Holdings Channel reports. The firm owned 184,971 shares of the aerospace company’s stock after selling 59,429 shares during the period. Retirement Systems of Alabama’s holdings in Leidos Holdings were worth $9,561,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Leidos Holdings by 0.8% in the second quarter. IFP Advisors Inc now owns 10,212 shares of the aerospace company’s stock worth $528,000 after buying an additional 86 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Leidos Holdings by 4.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,147 shares of the aerospace company’s stock worth $110,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. raised its stake in Leidos Holdings by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 13,826 shares of the aerospace company’s stock worth $706,000 after buying an additional 110 shares during the period. Ronna Sue Cohen raised its stake in Leidos Holdings by 1.3% in the first quarter. Ronna Sue Cohen now owns 10,582 shares of the aerospace company’s stock worth $541,000 after buying an additional 132 shares during the period. Finally, Pictet North America Advisors SA raised its stake in Leidos Holdings by 1.0% in the first quarter. Pictet North America Advisors SA now owns 24,550 shares of the aerospace company’s stock worth $1,255,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Shares of Leidos Holdings, Inc. (LDOS) opened at 56.68 on Friday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 25.39 and a beta of 1.73. The firm’s 50-day moving average price is $53.54 and its 200-day moving average price is $52.89. Leidos Holdings, Inc. has a 52 week low of $37.79 and a 52 week high of $57.72.

Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 99.6% compared to the same quarter last year. Equities research analysts expect that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Stock Observer and is the property of of Stock Observer. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.thestockobserver.com/2017/08/12/retirement-systems-of-alabama-sells-59429-shares-of-leidos-holdings-inc-ldos.html.

A number of research firms have recently issued reports on LDOS. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and increased their target price for the company from $61.00 to $68.00 in a research note on Thursday. Cowen and Company reiterated a “buy” rating on shares of Leidos Holdings in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, June 20th. Finally, BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $58.50.

Leidos Holdings Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

Want to see what other hedge funds are holding LDOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leidos Holdings, Inc. (NYSE:LDOS).

Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

Receive News & Ratings for Leidos Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply