Allworth Financial LP Sells 1,471 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Allworth Financial LP cut its position in Leidos Holdings, Inc. (NYSE:LDOS) by 70.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 621 shares of the aerospace company’s stock after selling 1,471 shares during the quarter. Allworth Financial LP’s holdings in Leidos were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LDOS. Mirae Asset Global Investments Co. Ltd. increased its position in Leidos by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its stake in Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Leidos by 100.1% in the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after buying an additional 4,421 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Leidos by 21.4% during the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after buying an additional 9,710 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Leidos in the 3rd quarter valued at $4,622,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Trading Up 1.3 %

Shares of LDOS stock opened at $128.43 on Tuesday. Leidos Holdings, Inc. has a fifty-two week low of $123.22 and a fifty-two week high of $202.90. The firm has a market capitalization of $16.85 billion, a P/E ratio of 13.90, a PEG ratio of 1.65 and a beta of 0.66. The stock’s fifty day moving average is $143.88 and its two-hundred day moving average is $156.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Analysts Set New Price Targets

Several analysts have weighed in on LDOS shares. Cantor Fitzgerald initiated coverage on Leidos in a research note on Friday, February 7th. They set an “overweight” rating and a $185.00 price target on the stock. Barclays raised their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. UBS Group decreased their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $176.27.

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.