Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 44.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,295 shares of the aerospace company's stock after selling 2,687 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Leidos were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Verdence Capital Advisors LLC boosted its stake in Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Leidos by 9.1% in the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock worth $131,000 after buying an additional 81 shares in the last quarter. Global Financial Private Client LLC grew its holdings in shares of Leidos by 1.4% during the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after buying an additional 100 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its position in shares of Leidos by 6.7% during the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after acquiring an additional 106 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Down 0.7%

NYSE:LDOS traded down $1.08 during mid-day trading on Monday, hitting $148.08. 1,075,051 shares of the stock traded hands, compared to its average volume of 1,258,004. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.65 and a beta of 0.63. The firm's 50 day moving average is $147.91 and its two-hundred day moving average is $144.63.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the company earned $2.29 EPS. Leidos's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Leidos's dividend payout ratio is currently 16.10%.

Analyst Ratings Changes

Several analysts have commented on LDOS shares. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research note on Tuesday, May 27th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Truist Financial dropped their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.46.

About Leidos

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.