Wedge Capital Management L L P NC Cuts Position in Leidos Holdings, Inc. (NYSE:LDOS)

Wedge Capital Management L L P NC lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 91.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,295 shares of the aerospace company's stock after selling 426,680 shares during the period. Wedge Capital Management L L P NC's holdings in Leidos were worth $5,302,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LDOS. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos in the 4th quarter worth about $25,000. Duncker Streett & Co. Inc. purchased a new position in Leidos in the fourth quarter worth about $27,000. REAP Financial Group LLC increased its stake in Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock worth $27,000 after acquiring an additional 152 shares during the last quarter. Mather Group LLC. increased its stake in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after acquiring an additional 156 shares during the last quarter. Finally, Human Investing LLC purchased a new stake in Leidos during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

LDOS has been the topic of several analyst reports. Baird R W downgraded Leidos from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th. Wells Fargo & Company boosted their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Royal Bank of Canada lifted their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Trading Up 1.4%

LDOS stock traded up $2.00 during mid-day trading on Thursday, reaching $147.92. The company had a trading volume of 764,083 shares, compared to its average volume of 1,251,894. The company has a market capitalization of $19.04 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.65 and a beta of 0.63. The firm has a 50 day moving average of $147.30 and a 200 day moving average of $145.12. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Leidos's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 earnings per share. On average, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Leidos's payout ratio is currently 16.10%.

Insider Activity at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the firm'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 now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate 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.