IFM Investors Pty Ltd Grows Stake in Leidos Holdings, Inc. (NYSE:LDOS)

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

Several other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in Leidos by 9.1% in the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after purchasing an additional 81 shares during the period. Global Financial Private Client LLC raised its position in Leidos by 1.4% in the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after purchasing an additional 100 shares during the period. Interchange Capital Partners LLC raised its position in Leidos by 6.7% in the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after purchasing an additional 106 shares during the period. Exchange Traded Concepts LLC raised its position in Leidos by 9.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company's stock valued at $172,000 after purchasing an additional 107 shares during the period. Finally, Syon Capital LLC raised its position in Leidos by 7.8% in the fourth quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company's stock valued at $214,000 after purchasing an additional 108 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Performance

Shares of LDOS stock opened at $162.16 on Wednesday. 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 business has a 50 day moving average of $152.79 and a two-hundred day moving average of $144.64. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a market cap of $20.87 billion, a P/E ratio of 16.31, a PEG ratio of 1.99 and a beta of 0.64.

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

Leidos Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Leidos's dividend payout ratio is presently 16.10%.

Wall Street Analyst Weigh In

Several research firms have commented on LDOS. UBS Group raised their price objective on Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada lifted their target price on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Truist Financial dropped their target price on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $177.46.

Insider Activity

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 completion of the transaction, the director directly owned 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.69% of the company's stock.

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.

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