Mount Yale Investment Advisors LLC Has $904,000 Position in Leidos Holdings, Inc. (NYSE:LDOS)

Mount Yale Investment Advisors LLC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,195 shares of the aerospace company’s stock after selling 1,768 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Leidos were worth $904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 169 shares during the period. Principal Securities Inc. acquired a new stake in shares of Leidos in the 4th quarter valued at $49,000. Family Firm Inc. bought a new stake in shares of Leidos in the 2nd quarter worth about $60,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Leidos during the 1st quarter worth about $64,000. Institutional investors own 76.12% of the company’s stock.

Leidos Trading Up 0.6 %

LDOS opened at $157.06 on Monday. The firm has a 50 day simple moving average of $151.25 and a 200 day simple moving average of $143.09. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week high of $159.10. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 67.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last issued 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. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is currently 65.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen boosted their price target 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. JPMorgan Chase & Co. increased their price target on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial increased their target price on Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Two research 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 stock. Based on data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

Insider Transactions at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’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 owns 7,455 shares in the company, valued at approximately $1,082,689.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now 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.

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.