Renaissance Technologies LLC Raises Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Renaissance Technologies LLC boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 127.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,050 shares of the aerospace company’s stock after buying an additional 168,800 shares during the period. Renaissance Technologies LLC owned approximately 0.22% of Leidos worth $43,917,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 169 shares during the last quarter. Tidemark LLC purchased a new position in Leidos during the 4th quarter valued at $41,000. Family Firm Inc. bought a new position in Leidos in the 2nd quarter valued at $60,000. Finally, Versant Capital Management Inc increased its stake in Leidos by 257.7% in the second quarter. Versant Capital Management Inc now owns 440 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Trading Down 0.3 %

Shares of NYSE:LDOS opened at $153.82 on Thursday. The company has a market capitalization of $20.80 billion, a PE ratio of 66.30, a P/E/G ratio of 1.37 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $159.10. The business’s fifty day simple moving average is $150.97 and its 200-day simple moving average is $142.62.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.99%. Leidos’s dividend payout ratio (DPR) is 65.52%.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. TD Cowen boosted their price objective on shares of Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their target price on shares of Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Bank of America increased their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and an average price target of $163.08.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the sale, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.