Alps Advisors Inc. Invests $351,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Alps Advisors Inc. bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,600 shares of the aerospace company's stock, valued at approximately $351,000.

Several other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in Leidos by 17.9% in the first quarter. Allworth Financial LP now owns 732 shares of the aerospace company's stock valued at $107,000 after acquiring an additional 111 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Leidos by 33.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,580 shares of the aerospace company's stock valued at $888,000 after purchasing an additional 1,633 shares during the last quarter. LBP AM SA lifted its stake in shares of Leidos by 53.3% in the 1st quarter. LBP AM SA now owns 33,207 shares of the aerospace company's stock worth $4,481,000 after purchasing an additional 11,542 shares during the period. Optimum Investment Advisors boosted its holdings in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Leidos by 62.0% in the first quarter. Personal CFO Solutions LLC now owns 2,915 shares of the aerospace company's stock worth $393,000 after buying an additional 1,116 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Price Performance

Shares of NYSE:LDOS traded down $0.14 during midday trading on Friday, reaching $162.57. 466,332 shares of the company were exchanged, compared to its average volume of 1,271,468. The stock has a market cap of $20.93 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. The business's fifty day moving average is $154.40 and its two-hundred day moving average is $145.47. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS - Get Free Report) last released 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. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The business's revenue was up 6.8% on a year-over-year basis. As a group, analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 transaction, the director directly owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Citigroup reissued a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday. Finally, Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.15.

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.