Envestnet Asset Management Inc. Has $21.59 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Envestnet Asset Management Inc. lowered its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 147,996 shares of the aerospace company’s stock after selling 9,267 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Leidos worth $21,590,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. raised its stake in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in 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 purchasing an additional 169 shares in the last quarter. Principal Securities Inc. bought a new position in Leidos in the 4th quarter valued at approximately $49,000. Family Firm Inc. acquired a new stake in Leidos in the second quarter valued at approximately $60,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Leidos during the first quarter worth $64,000. 76.12% of the stock is currently owned by institutional investors.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total value of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Thomas Arthur Bell bought 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of Leidos 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 completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on LDOS shares. Barclays increased their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup lifted their price target on Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. TD Cowen lifted their target price on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.08.

Leidos Stock Performance

Shares of LDOS opened at $157.06 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. The firm’s fifty day simple moving average is $151.25 and its two-hundred day simple moving average is $143.09. Leidos Holdings, Inc. has a 12 month low of $89.22 and a 12 month high of $159.10. The stock has a market capitalization of $21.24 billion, a P/E ratio of 67.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 EPS. As a group, analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 0.97%. Leidos’s dividend payout ratio is currently 65.52%.

Leidos Company 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.