Berbice Capital Management LLC Invests $29,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Berbice Capital Management LLC purchased a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 200 shares of the aerospace company’s stock, valued at approximately $29,000.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares during the period. Ashton Thomas Securities LLC bought a new stake in Leidos during the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new stake in Leidos during the 3rd quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new stake in Leidos during the 2nd quarter valued at approximately $34,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Leidos during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group assumed coverage on Leidos in a research report on Monday, December 2nd. They set a “neutral” rating and a $182.00 price objective on the stock. Wells Fargo & Company cut their price objective on Leidos from $205.00 to $199.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup lifted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen cut Leidos from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.07.

Leidos Trading Up 0.3 %

Shares of LDOS stock opened at $149.34 on Friday. The stock has a fifty day simple moving average of $154.62 and a two-hundred day simple moving average of $158.29. Leidos Holdings, Inc. has a 52-week low of $108.95 and a 52-week high of $202.90. The firm has a market capitalization of $19.93 billion, a PE ratio of 17.02, a PEG ratio of 1.06 and a beta of 0.66. 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 (NYSE:LDOS) last released its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel B. Geer acquired 2,000 shares of Leidos stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

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.