Envestnet Portfolio Solutions Inc. Has $5.89 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

Envestnet Portfolio Solutions Inc. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,665 shares of the aerospace company's stock after selling 2,706 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Leidos were worth $5,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos in the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter worth $27,000. REAP Financial Group LLC raised its holdings in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Leidos during the first quarter valued at $55,000. Finally, Vision Financial Markets LLC purchased a new position in Leidos in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company's stock.

Leidos Stock Performance

Shares of NYSE:LDOS traded up $0.05 during midday trading on Friday, hitting $148.40. The company's stock had a trading volume of 3,006,225 shares, compared to its average volume of 1,265,887. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.54. The stock's 50 day simple moving average is $148.87 and its 200 day simple moving average is $144.20. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.80 and a beta of 0.63. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping 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 company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business posted $2.29 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LDOS shares. Wells Fargo & Company lifted their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Royal Bank Of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.46.

Leidos Company 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.