Public Sector Pension Investment Board Acquires 300 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Public Sector Pension Investment Board raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,657 shares of the aerospace company’s stock after buying an additional 300 shares during the period. Public Sector Pension Investment Board’s holdings in Leidos were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its stake in shares of Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Leidos by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock worth $351,007,000 after purchasing an additional 53,307 shares during the period. Millennium Management LLC increased its stake in shares of Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after purchasing an additional 691,575 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after purchasing an additional 283,558 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Leidos by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 807,688 shares of the aerospace company’s stock worth $131,653,000 after purchasing an additional 31,619 shares during the period. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LDOS shares. Wells Fargo & Company lowered their price objective on Leidos from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada raised their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $187.36.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Down 0.4 %

Shares of LDOS stock opened at $163.15 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a fifty-two week low of $105.52 and a fifty-two week high of $202.90. The company has a market cap of $21.77 billion, a PE ratio of 18.58, a P/E/G ratio of 1.11 and a beta of 0.64. The stock’s fifty day moving average price is $171.81 and its two-hundred day moving average price is $157.41.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the business posted $2.03 EPS. Leidos’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that Leidos Holdings, Inc. will post 10.04 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos’s dividend payout ratio (DPR) is 18.22%.

Leidos Company 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.