New York State Teachers Retirement System Sells 9,576 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

New York State Teachers Retirement System decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,335 shares of the aerospace company's stock after selling 9,576 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Leidos worth $16,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LDOS. Shilanski & Associates Inc. lifted its stake in Leidos by 2.7% during the first quarter. Shilanski & Associates Inc. now owns 13,297 shares of the aerospace company's stock valued at $1,794,000 after buying an additional 346 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Leidos by 16.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,539 shares of the aerospace company's stock valued at $1,949,000 after buying an additional 2,075 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Leidos by 101.1% during the first quarter. Golden State Wealth Management LLC now owns 1,096 shares of the aerospace company's stock valued at $148,000 after buying an additional 551 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in Leidos by 19.8% during the first quarter. Daymark Wealth Partners LLC now owns 10,321 shares of the aerospace company's stock valued at $1,393,000 after buying an additional 1,703 shares in the last quarter. Finally, Golden State Equity Partners purchased a new stake in Leidos during the first quarter valued at about $912,000. Institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group upped 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. Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Royal Bank Of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.46.

Leidos Stock Up 1.3%

LDOS traded up $2.04 during midday trading on Friday, hitting $164.66. 950,883 shares of the company's stock traded hands, compared to its average volume of 1,274,033. The company has a market cap of $21.20 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The stock's fifty day simple moving average is $152.12 and its 200-day simple moving average is $144.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.11 billion. Leidos had a net margin of 7.87% and a return on equity of 32.62%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 earnings per share. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, June 16th. Leidos's payout ratio is presently 16.10%.

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.