Banque Cantonale Vaudoise Takes $2.65 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Banque Cantonale Vaudoise bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,613 shares of the aerospace company's stock, valued at approximately $2,647,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Renaissance Investment Group LLC increased its stake in shares of Leidos by 3.7% in the first quarter. Renaissance Investment Group LLC now owns 71,998 shares of the aerospace company's stock valued at $9,715,000 after buying an additional 2,575 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Leidos in the first quarter worth about $54,000. Foundations Investment Advisors LLC acquired a new stake in Leidos in the first quarter worth about $863,000. Richards Merrill & Peterson Inc. increased its position in Leidos by 78.2% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,196 shares of the aerospace company's stock worth $566,000 after purchasing an additional 1,841 shares during the period. Finally, First National Advisers LLC acquired a new stake in Leidos in the first quarter worth about $275,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director owned 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by company insiders.

Leidos Trading Down 0.3%

LDOS traded down $0.44 during midday trading on Friday, reaching $159.21. 784,043 shares of the company were exchanged, compared to its average volume of 1,396,401. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The stock has a market capitalization of $20.49 billion, a P/E ratio of 16.02, a PEG ratio of 1.93 and a beta of 0.64. The stock's 50-day simple moving average is $155.29 and its 200 day simple moving average is $146.51.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LDOS shares. Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group lifted their price objective on 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 report on Saturday, July 5th. Baird R W lowered 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 Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.