Vinva Investment Management Ltd Purchases 3,357 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Vinva Investment Management Ltd increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,081 shares of the aerospace company’s stock after purchasing an additional 3,357 shares during the period. Vinva Investment Management Ltd owned approximately 0.05% of Leidos worth $10,463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Leidos in the 4th quarter worth about $203,000. Generali Asset Management SPA SGR purchased a new position in Leidos in the 4th quarter worth about $113,000. Advisors Asset Management Inc. raised its position in Leidos by 14.0% in the 4th quarter. Advisors Asset Management Inc. now owns 23,941 shares of the aerospace company’s stock worth $3,449,000 after buying an additional 2,937 shares during the last quarter. Thrivent Financial for Lutherans raised its position 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 buying an additional 377,756 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Leidos by 67.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,855 shares of the aerospace company’s stock worth $555,000 after buying an additional 1,555 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 0.3 %

Leidos stock opened at $138.62 on Wednesday. The firm has a 50 day moving average of $140.05 and a 200 day moving average of $154.74. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12-month low of $123.23 and a 12-month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.15%. Leidos’s payout ratio is 17.32%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LDOS shares. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Wells Fargo & Company decreased their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. Finally, The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and reduced their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating, ten 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 $175.87.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % 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 corporate 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.