Oppenheimer & Co. Inc. Sells 2,123 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Oppenheimer & Co. Inc. lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 39.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,243 shares of the aerospace company’s stock after selling 2,123 shares during the period. Oppenheimer & Co. Inc.’s holdings in Leidos were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rakuten Securities Inc. boosted its stake in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Leidos during the third quarter valued at approximately $29,000. Berbice Capital Management LLC purchased a new stake in Leidos in the 4th quarter worth $29,000. Mather Group LLC. grew its holdings in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new stake in Leidos in the fourth quarter worth $52,000. 76.12% of the stock is currently owned by institutional investors.

Insider Transactions at Leidos

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

Leidos Stock Up 4.8 %

LDOS opened at $139.49 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The business has a 50-day moving average of $141.41 and a two-hundred day moving average of $155.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (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%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.15%. Leidos’s dividend payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LDOS. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and reduced their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Six investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.87.

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.