Leidos Holdings, Inc. (NYSE:LDOS) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 57.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,917 shares of the aerospace company’s stock after purchasing an additional 47,612 shares during the period. Intech Investment Management LLC owned about 0.10% of Leidos worth $18,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Leidos by 251.3% in 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 during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 169 shares during the period. Tidemark LLC acquired a new position in shares of Leidos in the fourth quarter worth about $41,000. Family Firm Inc. acquired a new position in shares of Leidos in the second quarter worth about $60,000. Finally, Versant Capital Management Inc raised its position in shares of Leidos by 257.7% in the second quarter. Versant Capital Management Inc now owns 440 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 317 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LDOS shares. Royal Bank of Canada boosted their target price on shares of Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. TD Cowen boosted 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. Bank of America boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Truist Financial boosted their target price on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Stifel Nicolaus boosted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

Insider Transactions at Leidos

In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at approximately $3,248,605.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Leidos 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas Arthur Bell bought 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Up 1.5 %

Shares of NYSE LDOS opened at $156.09 on Friday. 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 stock has a market cap of $21.03 billion, a PE ratio of 67.28, a P/E/G ratio of 1.38 and a beta of 0.70. The company has a 50-day moving average of $151.11 and a 200 day moving average of $142.71. Leidos Holdings, Inc. has a 12-month low of $89.22 and a 12-month high of $159.10.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share 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 net margin of 2.72% and a return on equity of 28.40%. Leidos’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal 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 issued 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 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.