Mubadala Investment Co PJSC Invests $2.99 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Mubadala Investment Co PJSC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,742 shares of the aerospace company's stock, valued at approximately $2,988,000.

Other hedge funds also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos during the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC acquired a new position in shares of Leidos during the fourth quarter valued at approximately $29,000. Mather Group LLC. raised its holdings in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Finally, Human Investing LLC acquired a new position in shares of Leidos during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Up 1.5%

Leidos stock traded up $2.32 during mid-day trading on Friday, hitting $159.08. The company's stock 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 PE ratio of 17.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock's fifty day moving average is $141.73 and its two-hundred day moving average is $149.07.

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

Leidos Dividend Announcement

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

Insider Transactions at Leidos

In related news, 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 completion of the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director now owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Truist Financial cut their price target on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, UBS Group increased their price target on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $180.69.

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.