Aigen Investment Management LP Sells 3,016 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Aigen Investment Management LP lowered its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 63.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,737 shares of the aerospace company’s stock after selling 3,016 shares during the quarter. Aigen Investment Management LP’s holdings in Leidos were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Leidos by 7.9% during the first quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock valued at $461,065,000 after purchasing an additional 251,245 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Leidos by 29.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock valued at $315,250,000 after purchasing an additional 536,452 shares during the period. First Trust Advisors LP raised its holdings in shares of Leidos by 8.9% during the fourth quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company’s stock valued at $273,920,000 after purchasing an additional 155,481 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Leidos by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,706,757 shares of the aerospace company’s stock valued at $245,867,000 after purchasing an additional 131,832 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Leidos by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,208,015 shares of the aerospace company’s stock valued at $174,027,000 after purchasing an additional 23,153 shares during the period. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares of the company’s stock, valued at $3,738,095.24. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,478 shares of company stock worth $1,852,525. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of several research reports. UBS Group upped their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Jefferies Financial Group upgraded shares of Leidos from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Citigroup restated a “buy” rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.46.

Leidos Trading Down 1.9%

NYSE:LDOS opened at $178.50 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The firm has a market cap of $22.90 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.65. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The firm has a 50-day moving average price of $160.41 and a two-hundred day moving average price of $147.87.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $2.63 EPS. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos’s dividend payout ratio (DPR) is 15.12%.

Leidos 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.