Schechter Investment Advisors LLC Sells 1,642 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Schechter Investment Advisors LLC decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 39.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,570 shares of the aerospace company's stock after selling 1,642 shares during the period. Schechter Investment Advisors LLC's holdings in Leidos were worth $347,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in Leidos in the 1st quarter worth about $267,000. Invesco Ltd. boosted its stake in Leidos by 35.0% in the 4th 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 in the last quarter. MidWestOne Financial Group Inc. lifted its stake in Leidos by 47.8% during the 4th quarter. MidWestOne Financial Group Inc. now owns 19,841 shares of the aerospace company's stock valued at $2,858,000 after acquiring an additional 6,418 shares during the period. Ameriprise Financial Inc. lifted its stake in Leidos by 1.1% during the 4th quarter. Ameriprise Financial Inc. now owns 437,535 shares of the aerospace company's stock valued at $63,026,000 after acquiring an additional 4,903 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Leidos by 2,940.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 2,088 shares during the period. Institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. UBS Group upped their target price on shares of Leidos from $149.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upped their target price on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Baird R W cut shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Citigroup restated a "buy" rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a research note on Monday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.15.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the completion of the sale, the director directly owned 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Leidos Price Performance

NYSE LDOS opened at $160.50 on Wednesday. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The firm has a market capitalization of $20.66 billion, a P/E ratio of 16.15, a PEG ratio of 1.98 and a beta of 0.64. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $154.11 and a 200-day moving average price of $145.23.

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

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, June 16th. Leidos's dividend payout ratio is 16.10%.

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.

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