Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,809 shares of the aerospace company’s stock after selling 5,355 shares during the quarter. Quantinno Capital Management LP’s holdings in Leidos were worth $3,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new position in Leidos during the 4th quarter valued at approximately $266,419,000. Alliancebernstein L.P. lifted its stake in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock worth $144,011,000 after buying an additional 835,930 shares during the period. Invesco Ltd. grew its holdings in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock valued at $378,942,000 after buying an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after acquiring an additional 405,256 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock worth $67,032,000 after acquiring an additional 377,756 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Up 1.5%

LDOS opened at $159.08 on Monday. The company has a fifty day moving average of $142.23 and a two-hundred day moving average of $148.39. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, June 16th. Leidos’s dividend payout ratio (DPR) is presently 16.10%.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% 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 2,128 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,478,287.36. The trade was a 15.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LDOS. Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. UBS Group lifted their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.69.

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.