Tidal Investments LLC Boosts Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Tidal Investments LLC grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1,965.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,498 shares of the aerospace company's stock after buying an additional 259,307 shares during the quarter. Tidal Investments LLC owned 0.20% of Leidos worth $39,256,000 as of its most recent filing with the SEC.

A number of other large investors 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 purchasing an additional 835,930 shares in 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 purchasing an additional 682,532 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after acquiring an additional 405,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in 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. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

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

Leidos Trading Down 0.8%

Shares of Leidos stock traded down $1.22 during mid-day trading on Wednesday, hitting $159.08. 1,282,478 shares of the stock were exchanged, compared to its average volume of 1,219,815. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a 50-day simple moving average of $143.29 and a 200 day simple moving average of $148.31.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 EPS. 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Leidos's payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Wells Fargo & Company increased their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Truist Financial lowered their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group increased their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada increased their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $180.69.

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.