Neo Ivy Capital Management Trims Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

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

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vise Technologies Inc. grew its position in shares of Leidos by 8.6% during the fourth quarter. Vise Technologies Inc. now owns 2,208 shares of the aerospace company's stock worth $318,000 after buying an additional 174 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Leidos during the fourth quarter worth approximately $225,000. MidWestOne Financial Group Inc. lifted its stake in Leidos by 47.8% during the fourth quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock worth $2,858,000 after purchasing an additional 6,418 shares during the last quarter. CSS LLC IL lifted its stake in Leidos by 11.8% during the fourth quarter. CSS LLC IL now owns 7,270 shares of the aerospace company's stock worth $1,047,000 after purchasing an additional 770 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new stake in Leidos during the fourth quarter worth approximately $4,041,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Trading Down 0.9%

Shares of NYSE:LDOS traded down $1.32 during midday trading on Thursday, hitting $148.04. The company had a trading volume of 523,308 shares, compared to its average volume of 1,230,240. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. 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 market cap of $19.06 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.65 and a beta of 0.65. The firm has a fifty day simple moving average of $145.42 and a 200 day simple moving average of $147.03.

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

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's payout ratio is presently 16.10%.

Insider Buying and Selling

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now directly owns 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 document filed with the SEC, which is available through the SEC website. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LDOS. UBS Group boosted their target price on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird cut Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.46.

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.