Insight Wealth Strategies LLC Invests $228,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Insight Wealth Strategies LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,741 shares of the aerospace company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDOS. Nomura Holdings Inc. acquired a new position in shares of Leidos in the 4th quarter worth approximately $303,000. HighPoint Advisor Group LLC acquired a new position in Leidos during the fourth quarter worth $1,122,000. Quadrature Capital Ltd lifted its holdings in shares of Leidos by 13.9% during the fourth quarter. Quadrature Capital Ltd now owns 22,575 shares of the aerospace company’s stock valued at $2,444,000 after acquiring an additional 2,752 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Leidos by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,288 shares of the aerospace company’s stock valued at $1,763,000 after acquiring an additional 1,138 shares during the period. Finally, Integrated Advisors Network LLC acquired a new stake in shares of Leidos in the 4th quarter valued at $584,000. 76.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Stifel Nicolaus lifted their target price on shares of Leidos from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their target price on Leidos from $120.00 to $140.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Robert W. Baird raised their price target on Leidos from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

Insider Buying and Selling at Leidos

In other Leidos news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

Leidos Price Performance

Shares of LDOS stock opened at $143.87 on Thursday. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 1.51 and a beta of 0.69. Leidos Holdings, Inc. has a 12 month low of $84.15 and a 12 month high of $151.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average price of $140.87 and a 200 day moving average price of $125.76.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the company earned $1.47 EPS. Leidos’s revenue was up 7.5% on a year-over-year basis. Research analysts expect that Leidos Holdings, Inc. will post 8.59 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. Leidos’s dividend payout ratio is 65.52%.

Leidos Profile

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.