10,767 Leidos Holdings, Inc. $LDOS Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Leidos stake by 7.9%, selling 10,767 shares and retaining 126,225 shares valued at approximately $13.0 million. Institutional investors own 76.12% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $160.29, compared with Leidos’ reported opening price of $122.11.
• Leidos exceeded quarterly earnings and revenue expectations, reporting $3.26 in EPS and $4.56 billion in revenue. The company also pays a $0.43 quarterly dividend and authorized a buyback of up to 20 million shares.

Envestnet Asset Management Inc. decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,225 shares of the aerospace company's stock after selling 10,767 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Leidos worth $12,997,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Longview Financial Advisors Inc. purchased a new position in shares of Leidos during the 1st quarter valued at $26,000. Hantz Financial Services Inc. increased its stake in Leidos by 94.7% in the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock worth $27,000 after buying an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in Leidos during the fourth quarter valued at about $28,000. Kelleher Financial Advisors bought a new stake in Leidos during the second quarter valued at about $28,000. Finally, Manchester Capital Management LLC lifted its position in shares of Leidos by 6,366.7% in the fourth quarter. Manchester Capital Management LLC now owns 194 shares of the aerospace company's stock valued at $35,000 after acquiring an additional 191 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LDOS. Bank of America upped their price objective on Leidos from $125.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, September 18th. Jefferies Financial Group reissued a "hold" rating and issued a $145.00 price target on shares of Leidos in a report on Sunday, August 9th. Wells Fargo & Company set a $165.00 price target on Leidos in a research note on Monday, August 17th. BNP Paribas Exane increased their price objective on shares of Leidos from $165.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group reduced their price objective on shares of Leidos from $152.00 to $132.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $160.29.

Leidos Price Performance

LDOS stock opened at $122.11 on Thursday. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $130.61 and a two-hundred day simple moving average of $131.56. The firm has a market capitalization of $15.32 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $2.91 by $0.35. The business had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.44 billion. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The business's revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Analysts anticipate that Leidos Holdings, Inc. will post 12.28 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th. Leidos's dividend payout ratio (DPR) is presently 16.04%.

Leidos announced that its Board of Directors has authorized a stock buyback plan on Friday, July 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Noel B. Geer sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the sale, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. This represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary May sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total value of $140,850.00. Following the completion of the sale, the director owned 10,204 shares of the company's stock, valued at approximately $1,437,233.40. This represents a 8.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by insiders.

Leidos Profile

Leidos Holdings, Inc is a technology, engineering and services company that provides solutions to government and commercial customers. The company operates primarily in the defense, intelligence, civil and health markets, supporting customers with mission-critical systems, digital modernization, cybersecurity, data analytics and technical services.

Its offerings include defense and intelligence technologies, command-and-control systems, transportation and infrastructure solutions, health information technology, aviation and security services, and scientific and engineering support.

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