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Envestnet Asset Management Inc. Lowers Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Leidos logo with Computer and Technology background

Envestnet Asset Management Inc. decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 18.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,287 shares of the aerospace company's stock after selling 50,765 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of Leidos worth $29,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Norges Bank acquired a new position in shares of Leidos in the fourth quarter worth about $266,419,000. Alliancebernstein L.P. increased its stake in shares of Leidos by 510.6% in the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. raised its holdings in Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the period. Thrivent Financial for Lutherans boosted its position in Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after purchasing an additional 330,623 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of Leidos stock traded up $1.72 on Thursday, hitting $162.76. 563,197 shares of the company were exchanged, compared to its average volume of 1,274,565. 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 company has a 50-day moving average price of $154.24 and a 200 day moving average price of $145.34. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90.

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

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. Leidos's payout ratio is 16.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock 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 target price for the company. in a research note on Tuesday, May 27th. Finally, Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the company a "buy" rating in a research note on Tuesday, June 24th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.15.

Get Our Latest Report on LDOS

Insider Activity

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company's stock.

Leidos Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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