Victory Capital Management Inc. Increases Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Victory Capital Management Inc. lifted its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 130.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 711,437 shares of the aerospace company's stock after purchasing an additional 402,454 shares during the quarter. Victory Capital Management Inc. owned about 0.55% of Leidos worth $96,001,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 29.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,336,222 shares of the aerospace company's stock valued at $315,250,000 after purchasing an additional 536,452 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Leidos by 35.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,900 shares of the aerospace company's stock valued at $256,000 after buying an additional 493 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Leidos in the first quarter worth about $207,000. Signaturefd LLC boosted its stake in shares of Leidos by 13.2% in the first quarter. Signaturefd LLC now owns 1,806 shares of the aerospace company's stock worth $244,000 after buying an additional 211 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in Leidos by 14.7% during the first quarter. Marks Group Wealth Management Inc now owns 63,990 shares of the aerospace company's stock worth $8,635,000 after acquiring an additional 8,184 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Price Performance

NYSE:LDOS traded down $0.14 during trading hours on Friday, hitting $162.57. 466,361 shares of the stock were exchanged, compared to its average volume of 1,273,736. The firm's fifty day moving average price is $154.40 and its 200 day moving average price is $145.47. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The company has a market cap of $20.93 billion, a P/E ratio of 14.93, a P/E/G 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 (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (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 period in the previous year, the company posted $2.29 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, June 16th. Leidos's dividend payout ratio (DPR) is 16.10%.

Insider Buying and Selling at Leidos

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the transaction, the director directly owned 20,195 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LDOS. Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a "buy" rating in a report on Tuesday, June 24th. Royal Bank Of Canada increased their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Robert W. Baird downgraded shares of 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. Finally, Baird R W lowered shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.15.

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.