Retirement Systems of Alabama boosted its position in shares of Leidos Holdings Inc. (NYSE:LDOS) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 83,431 shares of the company’s stock after buying an additional 613 shares during the period. Retirement Systems of Alabama’s holdings in Leidos Holdings were worth $3,994,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of LDOS. BlackRock Institutional Trust Company N.A. boosted its stake in Leidos Holdings by 5.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,238,035 shares of the company’s stock worth $112,618,000 after buying an additional 113,970 shares during the period. State Street Corp boosted its stake in Leidos Holdings by 0.7% in the first quarter. State Street Corp now owns 1,914,603 shares of the company’s stock worth $96,346,000 after buying an additional 13,201 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 period. Geode Capital Management LLC boosted its stake in Leidos Holdings by 10.2% in the first quarter. Geode Capital Management LLC now owns 423,096 shares of the company’s stock worth $21,289,000 after buying an additional 39,249 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Leidos Holdings by 11.5% in the first quarter. TIAA CREF Investment Management LLC now owns 378,783 shares of the company’s stock worth $19,060,000 after buying an additional 39,167 shares during the period. Institutional investors own 61.17% of the company’s stock.
Leidos Holdings Inc. (NYSE:LDOS) traded down 0.76% during trading on Monday, hitting $41.56. The stock had a trading volume of 1,198,432 shares. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 10.92 and a beta of 1.38. The firm’s 50-day moving average price is $42.05 and its 200-day moving average price is $47.00. Leidos Holdings Inc. has a 52-week low of $37.79 and a 52-week high of $59.52.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. The firm earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Leidos Holdings Inc. will post $3.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 3.08%. Leidos Holdings’s dividend payout ratio (DPR) is 35.56%.
A number of analysts recently commented on LDOS shares. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, October 5th. Wells Fargo & Co. reissued a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Credit Suisse Group AG boosted their price target on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Finally, Citigroup Inc. began coverage on Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Leidos Holdings currently has a consensus rating of “Buy” and an average target price of $50.71.
In related news, Director Surya N. Mohapatra acquired 3,575 shares of Leidos Holdings stock in a transaction on Tuesday, September 13th. The stock was acquired at an average price of $41.48 per share, for a total transaction of $148,291.00. Following the purchase, the director now owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.
Leidos Holdings Company Profile
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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