Skandinaviska Enskilda Banken AB publ Has $3.03 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 69.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,475 shares of the aerospace company's stock after selling 49,933 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Leidos were worth $3,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Leidos during the fourth quarter valued at $25,000. REAP Financial Group LLC lifted its position in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after buying an additional 152 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Leidos in the first quarter worth about $27,000. Optimum Investment Advisors lifted its position in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock worth $32,000 after buying an additional 169 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Leidos in the first quarter worth about $55,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director owned 20,195 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.69% of the company's stock.

Leidos Price Performance

Shares of NYSE LDOS opened at $160.43 on Tuesday. The firm has a market cap of $20.65 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The business's 50 day moving average is $155.20 and its 200-day moving average is $146.26.

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

Leidos Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Baird R W cut Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. UBS Group boosted their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus set a $178.00 price objective on Leidos and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Royal Bank Of Canada boosted their price objective on Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. 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. According to data from MarketBeat, Leidos presently has an average rating of "Moderate Buy" and a consensus target price of $175.15.

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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