SG Americas Securities LLC Purchases 9,938 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

SG Americas Securities LLC lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 263.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,706 shares of the aerospace company's stock after purchasing an additional 9,938 shares during the period. SG Americas Securities LLC's holdings in Leidos were worth $1,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in LDOS. GAMMA Investing LLC raised its stake in shares of Leidos by 14.1% during the first quarter. GAMMA Investing LLC now owns 1,729 shares of the aerospace company's stock valued at $233,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Leidos by 2,940.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,159 shares of the aerospace company's stock worth $291,000 after buying an additional 2,088 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Leidos in the 1st quarter worth approximately $264,000. Daymark Wealth Partners LLC boosted its holdings in shares of Leidos by 19.8% in the first quarter. Daymark Wealth Partners LLC now owns 10,321 shares of the aerospace company's stock valued at $1,393,000 after acquiring an additional 1,703 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Leidos by 1.3% in the first quarter. First Citizens Bank & Trust Co. now owns 42,616 shares of the aerospace company's stock valued at $5,751,000 after acquiring an additional 549 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Trading Down 0.7%

Leidos stock traded down $1.08 during mid-day trading on Monday, hitting $148.08. 1,075,051 shares of the stock were exchanged, compared to its average volume of 1,258,004. The firm's fifty day simple moving average is $147.91 and its two-hundred day simple moving average is $144.63. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.65 and a beta of 0.63.

Leidos (NYSE:LDOS - Get Free Report) last released 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. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos'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. Analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current 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 given a $0.40 dividend. 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 dividend payout ratio is currently 16.10%.

Wall Street Analyst Weigh In

LDOS has been the topic of several research reports. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Robert W. Baird lowered shares of Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 target price for the company. in a research note on Tuesday, May 27th. Wells Fargo & Company lifted their price target on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada boosted their price target on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus 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 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 sale, the director now owns 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.