Lucus Advisors LLC reduced its position in Leidos Holdings Inc. (NYSE:LDOS) by 29.4% during the second quarter, Holdings Channel reports. The fund owned 7,326 shares of the company’s stock after selling 3,048 shares during the period. Lucus Advisors LLC’s holdings in Leidos Holdings were worth $351,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Leidos Holdings during the fourth quarter worth approximately $44,246,000. Prudential Financial Inc. boosted its position in shares of Leidos Holdings by 160.0% in the first quarter. Prudential Financial Inc. now owns 546,899 shares of the company’s stock worth $27,520,000 after buying an additional 336,526 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Leidos Holdings by 22.4% in the first quarter. JPMorgan Chase & Co. now owns 1,538,097 shares of the company’s stock worth $77,398,000 after buying an additional 281,043 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Leidos Holdings during the first quarter worth approximately $11,007,000. Finally, AXA bought a new position in shares of Leidos Holdings during the first quarter worth approximately $9,431,000. Institutional investors own 61.04% of the company’s stock.
Shares of Leidos Holdings Inc. (NYSE:LDOS) traded down 0.98% during mid-day trading on Thursday, hitting $43.48. The stock had a trading volume of 1,788,123 shares. Leidos Holdings Inc. has a 12 month low of $37.79 and a 12 month high of $59.52. The firm has a 50 day moving average price of $42.39 and a 200-day moving average price of $47.59. The stock has a market cap of $3.17 billion, a P/E ratio of 11.43 and a beta of 1.53.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Leidos Holdings Inc. will post $3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, September 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.94%. Leidos Holdings’s payout ratio is 35.56%.
A number of research analysts recently commented on LDOS shares. Jefferies Group restated a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Citigroup Inc. began coverage on Leidos Holdings in a research note on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research lowered Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Credit Suisse Group AG raised their price objective on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a research note on Monday, July 11th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.71.
In related news, Director Surya N. Mohapatra acquired 3,575 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the purchase, the director now owns 6,143 shares in the company, valued at approximately $254,811.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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