Virtu Financial LLC Buys New Shares in Leidos Holdings, Inc. (NYSE:LDOS)

Virtu Financial LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,513 shares of the aerospace company’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Leidos by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock worth $532,937,000 after purchasing an additional 39,174 shares during the period. Wellington Management Group LLP boosted its position in Leidos by 6.2% during the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock worth $429,501,000 after purchasing an additional 272,090 shares during the period. Norges Bank bought a new position in Leidos during the fourth quarter worth $202,191,000. Dimensional Fund Advisors LP boosted its position in Leidos by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock worth $199,344,000 after purchasing an additional 45,079 shares during the period. Finally, FMR LLC boosted its position in Leidos by 36.1% during the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after purchasing an additional 479,906 shares during the period. 76.12% of the stock is owned by institutional investors.

Insider Transactions at Leidos

In other news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

LDOS has been the subject of a number of recent research reports. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Truist Financial reissued a “buy” rating and issued a $165.00 target price (up previously from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their target price on shares of Leidos from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada boosted their target price on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.67.

Leidos Stock Up 1.5 %

Shares of NYSE LDOS opened at $146.01 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 62.94, 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 stock has a 50-day moving average price of $141.25 and a two-hundred day moving average price of $125.90.

Leidos (NYSE:LDOS) last issued its 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. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. As a group, analysts forecast that Leidos Holdings, Inc. will post 8.59 earnings per share for the current fiscal 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 issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio (DPR) is currently 65.52%.

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.