Atria Wealth Solutions Inc. Sells 1,806 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Atria Wealth Solutions Inc. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,532 shares of the aerospace company's stock after selling 1,806 shares during the period. Atria Wealth Solutions Inc.'s holdings in Leidos were worth $612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in shares of Leidos during the first quarter worth $267,000. MidWestOne Financial Group Inc. increased its holdings in shares of Leidos by 47.8% during the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after buying an additional 6,418 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Leidos by 263.7% during the first quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after buying an additional 9,938 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Leidos by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock worth $63,026,000 after buying an additional 4,903 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Leidos by 2,940.8% during the first quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after buying an additional 2,088 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LDOS. Wells Fargo & Company upped their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Citigroup restated a "buy" rating and issued a $190.00 price objective (up from $186.00) on shares of Leidos in a report on Monday, July 14th. Jefferies Financial Group upgraded 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 report on Wednesday, August 6th. Finally, Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.46.

Leidos Trading Down 0.4%

LDOS traded down $0.76 during trading on Friday, reaching $177.68. 849,301 shares of the stock traded hands, compared to its average volume of 913,926. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $22.80 billion, a PE ratio of 16.79, a P/E/G ratio of 2.03 and a beta of 0.65. The stock's 50-day moving average is $161.00 and its 200 day moving average is $148.17. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90.

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

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory R. Dahlberg sold 952 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director directly owned 21,068 shares in the company, valued at $3,738,095.24. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,478 shares of company stock valued at $1,852,525 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

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.