Penserra Capital Management LLC Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

Penserra Capital Management LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 99.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,663 shares of the aerospace company's stock after selling 446,448 shares during the quarter. Penserra Capital Management LLC's holdings in Leidos were worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LDOS. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Leidos in the 4th quarter worth $25,000. REAP Financial Group LLC raised its position in Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after purchasing an additional 152 shares during the period. Sentry Investment Management LLC purchased a new position in Leidos in the 1st quarter worth $55,000. Wayfinding Financial LLC purchased a new position in Leidos in the 1st quarter worth $63,000. Finally, Intact Investment Management Inc. purchased a new position in Leidos in the 1st quarter worth $67,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Down 0.6%

Shares of LDOS traded down $0.93 during trading hours on Friday, reaching $162.07. 698,420 shares of the company traded hands, compared to its average volume of 1,280,556. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The company's fifty day moving average price is $153.69 and its two-hundred day moving average price is $144.99. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17.

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

Leidos Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Leidos's dividend payout ratio (DPR) is currently 16.10%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price on the stock. in a research report on Tuesday, May 27th. Truist Financial cut their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stifel Nicolaus set a $178.00 price target on shares of Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $177.46.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated 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 transaction, the director directly owned 20,195 shares of the company's stock, valued at $3,121,137.25. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.96% of the stock is currently owned by company insiders.

About Leidos

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.