Synergy Asset Management LLC Has $18.42 Million Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Synergy Asset Management LLC decreased its stake in Leidos Holdings, Inc. by 17.4%, now holding 116,735 shares worth approximately $18.42 million, constituting 2.1% of its portfolio.
• Leidos reported $3.21 EPS for the last quarter, exceeding estimates and achieved a revenue of $4.25 billion, a 2.9% increase year-over-year.
• The company recently paid a quarterly dividend of $0.40 per share, translating to an annualized yield of 0.8% and a low dividend payout ratio of 15.12%.

Synergy Asset Management LLC decreased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 17.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 116,735 shares of the aerospace company's stock after selling 24,579 shares during the period. Leidos comprises about 2.1% of Synergy Asset Management LLC's investment portfolio, making the stock its 19th biggest holding. Synergy Asset Management LLC owned 0.09% of Leidos worth $18,416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Pacer Advisors Inc. lifted its position in Leidos by 3,450.0% in the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after buying an additional 684,272 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Leidos by 29.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock worth $315,250,000 after buying an additional 536,452 shares in the last quarter. Victory Capital Management Inc. lifted its position in Leidos by 130.3% in the 1st quarter. Victory Capital Management Inc. now owns 711,437 shares of the aerospace company's stock worth $96,001,000 after buying an additional 402,454 shares in the last quarter. Nuveen LLC purchased a new stake in Leidos in the 1st quarter worth approximately $45,665,000. Finally, Allianz Asset Management GmbH lifted its position in Leidos by 262.9% in the 1st quarter. Allianz Asset Management GmbH now owns 459,501 shares of the aerospace company's stock worth $62,005,000 after buying an additional 332,882 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Up 0.7%

Leidos stock opened at $192.93 on Friday. The company has a market capitalization of $24.75 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.79 and a beta of 0.71. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. The firm's fifty day simple moving average is $178.86 and its 200-day simple moving average is $159.39.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.63 by $0.58. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. Sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 15th. Leidos's dividend payout ratio (DPR) is 15.12%.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Truist Financial set a $195.00 target price on shares of Leidos in a research report on Tuesday. Citigroup restated a "buy" rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Finally, Argus raised their price target on shares of Leidos from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $188.31.

Insider Buying and Selling

In related news, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the transaction, the insider owned 25,817 shares in the company, valued at $4,599,040.38. This trade represents a 32.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction on Monday, August 11th. The stock was sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. This trade represents a 16.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,975 shares of company stock worth $4,078,740 in the last quarter. 0.96% of the stock is currently owned by company insiders.

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.

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