Leidos Holdings, Inc. (NYSE:LDOS) Stake Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,871 shares of the aerospace company's stock after selling 4,148 shares during the quarter. Mackenzie Financial Corp's holdings in Leidos were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in LDOS. Pacer Advisors Inc. increased its holdings in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after acquiring an additional 684,272 shares during the last quarter. Invesco Ltd. raised its position in Leidos by 35.0% during 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after buying an additional 536,452 shares during the last quarter. Victory Capital Management Inc. lifted its position in Leidos by 130.3% during the first quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock valued at $96,001,000 after purchasing an additional 402,454 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Leidos by 262.9% during the first quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock valued at $62,005,000 after buying an additional 332,882 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on LDOS shares. Royal Bank Of Canada upped their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a research note on Tuesday, May 27th. Citigroup restated a "buy" rating and issued a $190.00 price objective (up previously from $186.00) on shares of Leidos in a research report on Monday, July 14th. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Finally, Wells Fargo & Company raised their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.43.

Insider Buying and Selling at Leidos

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director directly owned 20,195 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

Leidos Price Performance

Leidos stock traded up $0.71 during midday trading on Thursday, reaching $175.20. The company had a trading volume of 718,133 shares, compared to its average volume of 1,398,763. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.42. The company has a market capitalization of $22.55 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.99 and a beta of 0.65. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The firm's fifty day simple moving average is $156.00 and its 200-day simple moving average is $146.66.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. As a group, equities 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 will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, September 15th. Leidos's dividend payout ratio is 16.10%.

Leidos 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.