Union Bancaire Privee UBP SA Acquires New Stake in Leidos Holdings, Inc. $LDOS

Key Points

• Union Bancaire Privee UBP SA has acquired a new stake in Leidos Holdings, Inc., purchasing 7,760 shares valued at approximately $1.224 million in the second quarter.
• Several institutional investors have also increased their positions in Leidos, with Kathmere Capital Management and Kendall Capital Management growing their stakes by 145.6% and 93.7%, respectively.
• Leidos reported a positive quarterly earnings result, with EPS of $3.21, surpassing analysts' expectations, alongside a 2.9% increase in revenue year-over-year.

Union Bancaire Privee UBP SA acquired a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,760 shares of the aerospace company's stock, valued at approximately $1,224,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its position in Leidos by 145.6% during the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company's stock valued at $1,262,000 after buying an additional 4,742 shares in the last quarter. Kendall Capital Management increased its position in Leidos by 93.7% during the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company's stock valued at $674,000 after buying an additional 2,065 shares in the last quarter. McAdam LLC bought a new stake in shares of Leidos in the 2nd quarter worth $286,000. Sowell Financial Services LLC bought a new stake in shares of Leidos in the 1st quarter worth $267,000. Finally, SG Americas Securities LLC increased its holdings in shares of Leidos by 263.7% in the 1st quarter. SG Americas Securities LLC now owns 13,706 shares of the aerospace company's stock worth $1,849,000 after purchasing an additional 9,938 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In related news, 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 transaction, the director directly owned 10,137 shares in the company, valued at approximately $1,804,892.85. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory R. Dahlberg sold 952 shares of Leidos stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total value of $168,913.36. Following the transaction, the director owned 21,068 shares in the company, valued at $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,975 shares of company stock worth $4,078,740. Corporate insiders own 0.69% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on LDOS shares. Wall Street Zen lowered Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Stifel Nicolaus set a $178.00 target price on Leidos and gave the stock a "buy" rating in a report on Tuesday, June 24th. Citigroup reissued a "buy" rating and issued a $190.00 target price (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Argus lifted their target price on Leidos from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada raised Leidos from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.07.

Leidos Stock Performance

LDOS stock opened at $189.09 on Wednesday. The company has a market cap of $24.26 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.74 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 debt-to-equity ratio of 1.06, a current ratio of 1.62 and a quick ratio of 1.50. The stock's fifty day moving average price is $177.72 and its 200-day moving average price is $158.78.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 33.57% and a net margin of 8.22%.The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

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

About Leidos

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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