Leidos Holdings, Inc. (NYSE:LDOS) Stock Holdings Boosted by Spire Wealth Management

Spire Wealth Management lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 801.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,846 shares of the aerospace company’s stock after buying an additional 7,865 shares during the period. Spire Wealth Management’s holdings in Leidos were worth $1,274,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LDOS. Rakuten Securities Inc. grew its position in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Leidos in the third quarter worth about $29,000. Berbice Capital Management LLC acquired a new stake in Leidos in the fourth quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in Leidos in the third quarter worth about $30,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Leidos in the third quarter worth about $46,000. Institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LDOS shares. Royal Bank of Canada upped their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Truist Financial reduced their price objective on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Barclays upped their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Citigroup upped their price objective on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, UBS Group initiated coverage on shares of Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price target for the company. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus price target of $179.07.

Insiders Place Their Bets

In other news, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the acquisition, 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. Corporate insiders own 0.96% of the company’s stock.

Leidos Price Performance

NYSE LDOS opened at $141.64 on Tuesday. The stock’s 50-day moving average price is $152.04 and its two-hundred day moving average price is $158.14. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company has a market cap of $18.90 billion, a PE ratio of 16.13, a PEG ratio of 0.93 and a beta of 0.66. Leidos Holdings, Inc. has a 1 year low of $108.97 and a 1 year high of $202.90.

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.