Paradoxiom Capital L.P. Takes $9.34 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Paradoxiom Capital L.P. purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 64,863 shares of the aerospace company's stock, valued at approximately $9,344,000. Leidos accounts for approximately 3.9% of Paradoxiom Capital L.P.'s holdings, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Verdence Capital Advisors LLC raised its holdings in shares of Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Leidos by 20.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 95 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Leidos by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 2,128 shares of the company's stock in a transaction that occurred 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 owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This represents a 15.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction that occurred 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 directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Up 1.5%

NYSE:LDOS traded up $2.32 during midday trading on Friday, hitting $159.08. 1,006,999 shares of the company were exchanged, compared to its average volume of 1,214,750. 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 company 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 fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a fifty day simple moving average of $142.23 and a 200 day simple moving average of $148.89.

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

Leidos Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LDOS shares. Wells Fargo & Company raised their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group raised their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. 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 report on Monday, April 14th. Royal Bank of Canada raised their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.