Skandinaviska Enskilda Banken AB publ Has $7.82 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Skandinaviska Enskilda Banken AB publ increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,585 shares of the aerospace company’s stock after acquiring an additional 3,985 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Leidos were worth $7,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Leidos by 18.3% in the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock valued at $8,082,000 after buying an additional 11,576 shares during the last quarter. Twin Tree Management LP purchased a new stake in Leidos in the 1st quarter worth about $2,512,000. Leeward Investments LLC MA increased its stake in shares of Leidos by 4.9% in the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock worth $21,770,000 after purchasing an additional 7,703 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Leidos in the 1st quarter worth approximately $1,900,000. Finally, Advisors Asset Management Inc. grew its stake in Leidos by 97.2% in the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock valued at $1,692,000 after buying an additional 6,360 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Up 0.6 %

NYSE LDOS opened at $157.06 on Friday. The firm has a market capitalization of $21.24 billion, a PE ratio of 67.70, a P/E/G ratio of 1.38 and a beta of 0.70. The stock’s 50 day moving average is $151.25 and its 200 day moving average is $143.00. Leidos Holdings, Inc. has a twelve month low of $89.22 and a twelve month high of $159.10. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping 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 business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Leidos’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts forecast that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, September 13th. Leidos’s payout ratio is 65.52%.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction 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 completion of the sale, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The transaction was disclosed in a filing 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 dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LDOS. JPMorgan Chase & Co. raised their target price on Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays increased their target price on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup increased their price target on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price target 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. Finally, Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two research 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 company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average target price of $163.08.

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.