Alyeska Investment Group L.P. Has $21.15 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Alyeska Investment Group L.P. reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 66.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,779 shares of the aerospace company's stock after selling 292,688 shares during the quarter. Alyeska Investment Group L.P. owned 0.11% of Leidos worth $21,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Leidos in the 4th quarter valued at $266,419,000. Alliancebernstein L.P. increased its stake in shares of Leidos by 510.6% in the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after buying an additional 835,930 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Leidos by 35.0% in the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after buying an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 buying an additional 405,256 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after acquiring an additional 377,756 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LDOS. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. UBS Group increased their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday. Royal Bank of Canada boosted their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday. StockNews.com lowered Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.69.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,889 shares of company stock worth $675,786. Company insiders own 0.69% of the company's stock.

Leidos Trading Up 0.8 %

LDOS traded up $1.19 during mid-day trading on Friday, hitting $155.90. The stock had a trading volume of 1,306,414 shares, compared to its average volume of 1,206,757. The stock's fifty day simple moving average is $140.16 and its 200-day simple moving average is $149.45. The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of 16.87, 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 debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

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

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. Leidos's payout ratio is 17.32%.

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.