Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 40.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the aerospace company's stock after selling 1,555 shares during the period. Axxcess Wealth Management LLC's holdings in Leidos were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new stake in shares of Leidos in the 1st quarter worth approximately $267,000. Invesco Ltd. increased its stake in Leidos by 35.0% during the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after purchasing an additional 682,532 shares in the last quarter. MidWestOne Financial Group Inc. increased its stake in shares of Leidos by 47.8% in the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after acquiring an additional 6,418 shares during the period. LBP AM SA increased its stake in shares of Leidos by 54.8% in the fourth quarter. LBP AM SA now owns 21,665 shares of the aerospace company's stock worth $3,121,000 after acquiring an additional 7,665 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Leidos by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock valued at $63,026,000 after buying an additional 4,903 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company's 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 sale, the director owned 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LDOS has been the topic of several analyst reports. Citigroup restated a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday. Truist Financial cut their price objective 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. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Leidos currently has a consensus rating of "Moderate Buy" and an average price target of $175.15.

Leidos Stock Down 1.9%

Leidos stock traded down $3.17 during trading on Tuesday, reaching $160.50. The stock had a trading volume of 701,955 shares, compared to its average volume of 1,277,213. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The business has a 50 day moving average price of $154.01 and a 200 day moving average price of $145.12. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The stock has a market cap of $20.66 billion, a PE ratio of 16.15, a P/E/G ratio of 1.98 and a beta of 0.64.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 EPS. On average, analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.00%. Leidos's dividend payout ratio (DPR) is 16.10%.

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.