Leidos Holdings, Inc. $LDOS Shares Sold by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,098 shares of the aerospace company’s stock after selling 88 shares during the quarter. Wealthcare Capital Partners LLC’s holdings in Leidos were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Leidos by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,416,817 shares of the aerospace company’s stock worth $461,065,000 after purchasing an additional 251,245 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company’s stock worth $315,250,000 after purchasing an additional 536,452 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Leidos by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,877,020 shares of the aerospace company’s stock worth $253,262,000 after acquiring an additional 170,263 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Leidos by 3.0% in the first quarter. AQR Capital Management LLC now owns 1,183,157 shares of the aerospace company’s stock worth $159,342,000 after acquiring an additional 34,328 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Leidos by 130.3% in the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company’s stock worth $96,001,000 after acquiring an additional 402,454 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Performance

LDOS stock opened at $195.73 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.83 and a beta of 0.71. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The firm has a 50 day moving average of $179.51 and a two-hundred day moving average of $159.93.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Leidos’s payout ratio is currently 15.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LDOS. Truist Financial set a $195.00 target price on shares of Leidos in a research report on Tuesday. Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a research report on Saturday, September 27th. UBS Group lifted their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Citigroup reaffirmed a “buy” rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Leidos presently has an average rating of “Moderate Buy” and an average target price of $188.31.

Insiders Place Their Bets

In related news, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the sale, the insider directly owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the sale, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,804,892.85. This represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,975 shares of company stock valued at $4,078,740 over the last ninety days. Corporate 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.