Proficio Capital Partners LLC Purchases New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Proficio Capital Partners LLC purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,174 shares of the aerospace company’s stock, valued at approximately $9,677,000. Proficio Capital Partners LLC owned 0.05% of Leidos as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new position in Leidos during the 4th quarter worth approximately $27,000. Berbice Capital Management LLC acquired a new position in Leidos during the 4th quarter worth approximately $29,000. Mather Group LLC. increased its position in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC acquired a new position in Leidos during the 4th quarter worth approximately $52,000. Finally, R Squared Ltd acquired a new position in Leidos during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’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 directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s 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 sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LDOS. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their price target for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. William Blair lowered Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company decreased their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Trading Up 1.3 %

Shares of Leidos stock opened at $134.59 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The firm has a market cap of $17.65 billion, a PE ratio of 14.57, a P/E/G ratio of 1.65 and a beta of 0.72. The business’s fifty day moving average is $140.42 and its two-hundred day moving average is $155.02. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

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

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. Leidos’s payout ratio is 17.32%.

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.