Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 96.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,381 shares of the aerospace company's stock after acquiring an additional 33,608 shares during the quarter. QRG Capital Management Inc. owned approximately 0.05% of Leidos worth $9,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in shares of Leidos by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 46,969 shares of the aerospace company's stock valued at $6,787,000 after purchasing an additional 220 shares during the period. Blue Trust Inc. increased its stake in shares of Leidos by 177.4% in the fourth quarter. Blue Trust Inc. now owns 835 shares of the aerospace company's stock valued at $120,000 after purchasing an additional 534 shares during the period. Principal Securities Inc. increased its stake in shares of Leidos by 50.6% in the fourth quarter. Principal Securities Inc. now owns 792 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 266 shares during the period. Human Investing LLC acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $52,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $115,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the 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 completion of the sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.96% of the company's stock.

Leidos Trading Down 0.7%

Leidos stock opened at $148.08 on Tuesday. The company has a 50 day moving average price of $148.21 and a 200 day moving average price of $144.50. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.65 and a beta of 0.63.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the business posted $2.29 EPS. The company's revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LDOS shares. 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 report on Thursday, May 8th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. 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 report on Wednesday, May 7th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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