Public Employees Retirement Association of Colorado Has $2 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Public Employees Retirement Association of Colorado trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,704 shares of the aerospace company’s stock after selling 769 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Leidos were worth $1,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners boosted its position in Leidos by 5.8% during the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock worth $449,592,000 after buying an additional 188,458 shares during the period. Northern Trust Corp lifted its holdings in shares of Leidos by 0.5% during the fourth quarter. Northern Trust Corp now owns 1,149,948 shares of the aerospace company’s stock worth $124,470,000 after purchasing an additional 6,284 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Leidos by 39.7% in the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock worth $114,102,000 after purchasing an additional 222,179 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Leidos by 9,164.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after purchasing an additional 572,316 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Leidos by 19.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 553,812 shares of the aerospace company’s stock worth $80,790,000 after purchasing an additional 89,406 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Up 1.7 %

LDOS stock opened at $159.66 on Tuesday. The stock’s 50 day simple moving average is $151.47 and its 200 day simple moving average is $143.30. The company has a market cap of $21.59 billion, a P/E ratio of 68.82, 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 quick ratio of 1.11 and a current ratio of 1.21. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week high of $160.32.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.36. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. Leidos’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.80 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given 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 0.95%. Leidos’s payout ratio is 65.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Truist Financial upped their price objective on shares of Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. 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 note on Wednesday, July 31st. Finally, Barclays upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.08.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated 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 sale, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now owns 7,455 shares in the company, valued at $1,082,689.65. The disclosure for this sale can be found here. Company 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.