Leidos Holdings, Inc. $LDOS Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Leidos Holdings by 30.3%, acquiring an additional 13,220 shares during the 2nd quarter, bringing their total holdings to 56,885 shares valued at approximately $8.97 million.
• Leidos reported a quarterly EPS of $3.21, surpassing analysts' expectations of $2.63, with revenues of $4.25 billion, marking a 2.9% increase from the previous year.
• Insiders sold a total of 22,975 shares worth approximately $4.08 million in the last quarter, resulting in a 0.69% insider ownership of the company.

Envestnet Portfolio Solutions Inc. increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 30.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,885 shares of the aerospace company's stock after acquiring an additional 13,220 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Leidos were worth $8,974,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kathmere Capital Management LLC lifted its stake in Leidos by 145.6% during the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company's stock worth $1,262,000 after acquiring an additional 4,742 shares in the last quarter. Kendall Capital Management raised its position in Leidos by 93.7% in the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company's stock valued at $674,000 after purchasing an additional 2,065 shares in the last quarter. McAdam LLC acquired a new stake in Leidos in the 2nd quarter valued at about $286,000. Sowell Financial Services LLC acquired a new stake in Leidos in the 1st quarter valued at about $267,000. Finally, SG Americas Securities LLC raised its position in Leidos by 263.7% in the 1st quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock valued at $1,849,000 after purchasing an additional 9,938 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at $3,738,095.24. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $178.05, for a total value of $356,100.00. Following the transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. This represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $4,078,740 in the last quarter. 0.69% of the stock is owned by insiders.

Leidos Trading Down 1.1%

LDOS opened at $186.04 on Tuesday. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90. The company has a market cap of $23.87 billion, a P/E ratio of 17.58, a PEG ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The business's 50-day simple moving average is $183.47 and its 200-day simple moving average is $162.55.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a return on equity of 33.57% and a net margin of 8.22%.The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, September 15th. Leidos's dividend payout ratio (DPR) is currently 15.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LDOS shares. Truist Financial set a $195.00 price target on Leidos in a research report on Tuesday, September 30th. Citigroup reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Argus increased their price target on Leidos from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Stifel Nicolaus set a $178.00 price objective on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $188.31.

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.

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