Leidos Holdings, Inc. (NYSE:LDOS) Position Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 437,535 shares of the aerospace company's stock after purchasing an additional 4,903 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of Leidos worth $63,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Verdence Capital Advisors LLC raised its position in Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after acquiring an additional 77 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares during the period. Contravisory Investment Management Inc. raised its holdings in Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after buying an additional 95 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Leidos by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after buying an additional 100 shares during the period. Institutional investors own 76.12% of the company's stock.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregory R. Dahlberg sold 1,250 shares of Leidos 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 completion of the transaction, the director now directly owns 20,195 shares in the company, valued at approximately $3,121,137.25. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,889 shares of company stock valued at $675,786. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday. Truist Financial lowered their price target on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group increased their price objective on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank of Canada upped their target price on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

Leidos Trading Up 0.8 %

Shares of NYSE:LDOS opened at $155.90 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $19.99 billion, a PE ratio of 16.87, a P/E/G ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The firm has a fifty day moving average price of $140.16 and a 200 day moving average price of $149.45.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results 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. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the company posted $2.29 EPS. The firm's revenue was up 6.8% on a year-over-year basis. Analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, June 16th. Leidos's payout ratio is 17.32%.

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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