Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Neo Ivy Capital Management

Neo Ivy Capital Management reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 57.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,508 shares of the aerospace company's stock after selling 3,404 shares during the period. Neo Ivy Capital Management's holdings in Leidos were worth $361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Leidos during the fourth quarter worth $266,419,000. Alliancebernstein L.P. raised its holdings in shares of Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after purchasing an additional 835,930 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Leidos by 435.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock worth $67,032,000 after purchasing an additional 377,756 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

NYSE LDOS traded up $0.12 during trading hours on Tuesday, hitting $152.61. 1,617,303 shares of the company's stock traded hands, compared to its average volume of 1,227,015. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a market capitalization of $19.64 billion, a PE ratio of 16.52, a PEG ratio of 1.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm's 50-day moving average is $144.74 and its 200-day moving average is $146.97.

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

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.05%. Leidos's payout ratio is 16.10%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LDOS shares. Royal Bank of Canada raised their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Truist Financial cut their price objective on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $176.46.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction dated 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 now directly owns 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.