Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 34.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,299 shares of the aerospace company's stock after purchasing an additional 3,156 shares during the period. IFM Investors Pty Ltd's holdings in Leidos were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LDOS. Norges Bank purchased a new position in shares of Leidos in the 4th quarter valued at about $266,419,000. Alliancebernstein L.P. increased its holdings 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 acquiring an additional 835,930 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock valued at $378,942,000 after acquiring an additional 682,532 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after acquiring an additional 377,756 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Leidos by 151.6% in the 4th quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock valued at $79,053,000 after acquiring an additional 330,623 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Down 0.6%

Shares of NYSE:LDOS traded down $0.93 during midday trading on Friday, reaching $162.07. The company's stock had a trading volume of 691,985 shares, compared to its average volume of 1,277,016. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The business has a 50 day moving average price of $153.42 and a 200 day moving average price of $144.88.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio is presently 16.10%.

Insider Activity at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business's 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LDOS. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective on the stock. in a report on Tuesday, May 27th. Truist Financial dropped their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada lifted their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised 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. Finally, Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Seven equities research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $177.46.

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.