Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,019 shares of the aerospace company's stock after selling 10,598 shares during the quarter. Mackenzie Financial Corp's holdings in Leidos were worth $2,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Leidos in the fourth quarter worth approximately $25,000. Duncker Streett & Co. Inc. purchased a new position in shares of Leidos during the fourth quarter worth $27,000. Mather Group LLC. boosted its position in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the period. Human Investing LLC purchased a new position in shares of Leidos in the 4th quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Leidos in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Trading Down 5.3%

NYSE:LDOS traded down $7.86 on Monday, hitting $140.66. 1,208,994 shares of the stock were exchanged, compared to its average volume of 1,242,446. The stock has a market cap of $18.11 billion, a PE ratio of 15.20, a PEG ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average of $145.89 and a 200-day moving average of $145.81. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's dividend payout ratio (DPR) is presently 16.10%.

Insider Buying and Selling at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the transaction, the director now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LDOS. Wells Fargo & Company raised their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Baird R W lowered Leidos from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, 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 research report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average target price 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.