Arrowpoint Investment Partners Singapore Pte. Ltd. Buys 3,940 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Key Points

• Arrowpoint Investment Partners Singapore increased its stake in Leidos Holdings by 252.6% in Q1, now owning 5,500 shares valued at approximately $742,000 according to SEC filings.
• Leidos reported a quarterly earnings per share (EPS) of $3.21, which exceeded the consensus estimate of $2.63, while revenue for the quarter increased by 2.9% year-over-year to $4.25 billion.
• Leidos has announced a quarterly dividend of $0.40 per share, with an ex-dividend date set for September 15th, representing an annualized yield of 0.9%.

Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 252.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,500 shares of the aerospace company's stock after purchasing an additional 3,940 shares during the quarter. Arrowpoint Investment Partners Singapore Pte. Ltd.'s holdings in Leidos were worth $742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos during the fourth quarter valued at approximately $25,000. REAP Financial Group LLC grew its position in Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares during the last quarter. MCF Advisors LLC bought a new position in Leidos during the first quarter valued at approximately $27,000. Optimum Investment Advisors grew its position in Leidos by 260.0% during the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 169 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Leidos during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Down 1.9%

LDOS stock traded down $3.45 on Thursday, reaching $178.50. The company's stock had a trading volume of 876,739 shares, compared to its average volume of 1,384,613. The business has a fifty day simple moving average of $160.41 and a two-hundred day simple moving average of $147.87. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The firm has a market cap of $22.90 billion, a PE ratio of 16.87, a PEG ratio of 2.03 and a beta of 0.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. Leidos had a return on equity of 33.57% and a net margin of 8.22%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. As a group, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. Leidos's dividend payout ratio (DPR) is currently 15.12%.

Analysts Set New Price Targets

A number of brokerages have commented on LDOS. Citigroup reiterated a "buy" rating and set a $190.00 price target (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Royal Bank Of Canada increased their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company increased their price objective on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Jefferies Financial Group raised Leidos from a "hold" rating to a "buy" rating and increased their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, August 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $179.46.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the transaction, the director owned 21,068 shares of the company's stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director directly owned 10,137 shares of the company's stock, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,478 shares of company stock valued at $1,852,525. 0.96% of the stock is currently owned by company insiders.

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.