Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 29.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100,113 shares of the aerospace company’s stock after selling 870,308 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Leidos were worth $306,364,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LDOS. Private Advisor Group LLC boosted its holdings in shares of Leidos by 60.0% in the fourth quarter. Private Advisor Group LLC now owns 5,030 shares of the aerospace company’s stock valued at $544,000 after acquiring an additional 1,887 shares during the period. Principal Securities Inc. purchased a new stake in shares of Leidos during the fourth quarter worth approximately $49,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Leidos by 26.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,007 shares of the aerospace company’s stock worth $975,000 after purchasing an additional 1,890 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Leidos by 2.3% during the fourth quarter. Panagora Asset Management Inc. now owns 12,524 shares of the aerospace company’s stock worth $1,356,000 after purchasing an additional 282 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Leidos by 218.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 94,317 shares of the aerospace company’s stock worth $10,209,000 after purchasing an additional 64,714 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 0.4 %

Leidos stock opened at $154.81 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 66.73, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week high of $159.10. The stock’s fifty day moving average is $150.68 and its two-hundred day moving average is $142.35.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 earnings per share. Analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is currently 65.52%.

Insider Activity at Leidos

In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, with a total value of $248,308.48. Following the completion of the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LDOS shares. Bank of America upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays upped their price target on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Stifel Nicolaus upped their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company upped their price target on Leidos from $168.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

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.