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Syntax Research Inc. Takes Position in Leidos Holdings, Inc. (NYSE:LDOS)

Leidos logo with Computer and Technology background

Key Points

  • Syntax Research Inc. acquired 15,000 shares of Leidos Holdings, valued at approximately $2,024,000, indicating a growing interest in the aerospace company amidst recent changes by other institutional investors.
  • Leidos reported a quarterly EPS of $2.97, surpassing expectations and achieving a revenue increase of 6.8% year-over-year, highlighting the company's strong financial performance.
  • Citigroup and Wall Street analysts have varying ratings on Leidos, with price targets ranging from $155.00 to $200.00, reflecting a mix of optimism and caution among financial experts.
  • MarketBeat previews the top five stocks to own by September 1st.

Syntax Research Inc. bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 15,000 shares of the aerospace company's stock, valued at approximately $2,024,000. Leidos comprises approximately 1.4% of Syntax Research Inc.'s portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of LDOS. Norges Bank acquired a new stake in shares of Leidos in the 4th quarter worth $266,419,000. Alliancebernstein L.P. increased its position in shares of Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock worth $144,011,000 after purchasing an additional 835,930 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Leidos by 3,450.0% during the 1st quarter. Pacer Advisors Inc. now owns 704,106 shares of the aerospace company's stock worth $95,012,000 after purchasing an additional 684,272 shares during the last quarter. Invesco Ltd. increased its position in shares of Leidos by 35.0% during 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Leidos by 29.8% during 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 purchasing an additional 536,452 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on LDOS. Robert W. Baird downgraded Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price objective for the company. in a research report on Tuesday, May 27th. Citigroup reissued a "buy" rating and set a $190.00 price objective (up from $186.00) on shares of Leidos in a research report on Monday, July 14th. Wall Street Zen upgraded Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada lifted 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. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.15.

View Our Latest Research Report on LDOS

Leidos Stock Up 0.6%

Shares of NYSE LDOS traded up $0.90 during midday trading on Tuesday, hitting $161.25. 208,547 shares of the company's stock were exchanged, compared to its average volume of 1,407,955. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a market cap of $20.76 billion, a PE ratio of 16.22, a P/E/G ratio of 1.95 and a beta of 0.64. The firm's fifty day simple moving average is $155.20 and its 200-day simple moving average is $146.26.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share 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 analyst estimates of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. Research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio (DPR) is 16.10%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction 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 Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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