Public Employees Retirement System of Ohio Sells 20,845 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Public Employees Retirement System of Ohio lowered its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,659 shares of the aerospace company's stock after selling 20,845 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Leidos were worth $7,010,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in Leidos in the 4th quarter valued at about $25,000. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos in the 4th quarter worth approximately $27,000. Mather Group LLC. lifted its position in shares of Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares during the period. Human Investing LLC bought a new stake in Leidos during the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Leidos in the 4th quarter worth $57,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LDOS. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. UBS Group lifted their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Robert W. Baird cut shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target on the stock. in a report on Tuesday, May 27th. Finally, Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Seven equities research 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 stock. Based on data from MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Trading Up 0.6%

Leidos stock traded up $0.92 during trading on Friday, hitting $148.42. The company's stock had a trading volume of 2,289,108 shares, compared to its average volume of 1,242,202. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.65 and a beta of 0.65. The stock's fifty day moving average is $145.89 and its 200 day moving average is $145.81. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year 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.

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

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director now directly owns 20,195 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.

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.