Leidos Holdings, Inc. (NYSE:LDOS) Holdings Trimmed by Deutsche Bank AG

Deutsche Bank AG lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,120 shares of the aerospace company's stock after selling 6,728 shares during the quarter. Deutsche Bank AG owned approximately 0.29% of Leidos worth $56,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Verdence Capital Advisors LLC grew its position in 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 buying an additional 77 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after acquiring an additional 77 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after acquiring an additional 86 shares during the period. Contravisory Investment Management Inc. increased its stake in shares of Leidos by 2.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after acquiring an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Leidos by 2.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after buying an additional 100 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LDOS. UBS Group raised their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.69.

Leidos Stock Up 1.5%

NYSE:LDOS traded up $2.32 during trading hours on Friday, hitting $159.08. The stock had a trading volume of 1,006,999 shares, compared to its average volume of 1,212,312. The company has a market cap 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. The business has a 50 day simple moving average of $141.73 and a two-hundred day simple moving average of $149.07. 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.

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

Leidos Announces Dividend

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

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at $1,478,287.36. This trade represents a 15.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $193,187.50. Following the completion of the transaction, the director now directly owns 20,195 shares of the company's stock, 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. Corporate insiders own 0.96% of the company's stock.

Leidos Company 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.