Occudo Quantitative Strategies LP Invests $1.61 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Occudo Quantitative Strategies LP acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,191 shares of the aerospace company's stock, valued at approximately $1,612,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Leidos by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after acquiring an additional 84,003 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Geode Capital Management LLC lifted its position in Leidos by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock valued at $487,649,000 after purchasing an additional 27,410 shares during the period. Invesco Ltd. boosted its stake in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Leidos by 8.9% during the 4th quarter. First Trust Advisors LP now owns 1,901,433 shares of the aerospace company's stock worth $273,920,000 after buying an additional 155,481 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos 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 directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Stock Up 1.5%

Shares of Leidos stock traded up $2.32 on Friday, hitting $159.08. The company had a trading volume of 1,006,999 shares, compared to its average volume of 1,214,750. The firm has a market capitalization of $20.48 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a 50-day moving average of $141.73 and a 200-day moving average of $149.07.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 EPS. Research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's payout ratio is currently 16.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada upped their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company boosted their target price on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

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.