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Morse Asset Management Inc Sells 4,675 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Leidos logo with Aerospace background

Morse Asset Management Inc reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 90.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500 shares of the aerospace company's stock after selling 4,675 shares during the quarter. Morse Asset Management Inc's holdings in Leidos were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. Private Advisor Group LLC grew its holdings in shares of Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock worth $1,177,000 after acquiring an additional 3,703 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock worth $1,800,000 after acquiring an additional 3,534 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new position in shares of Leidos in the 4th quarter worth $1,979,000. HM Payson & Co. grew its holdings in shares of Leidos by 959.8% in the 4th quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company's stock worth $342,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Teamwork Financial Advisors LLC grew its holdings in shares of Leidos by 497.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 70,566 shares of the aerospace company's stock worth $10,166,000 after acquiring an additional 58,763 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Up 1.5%

LDOS traded up $2.32 during trading on Friday, reaching $159.08. 1,006,999 shares of the stock traded hands, compared to its average volume of 1,214,750. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week 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. The stock's 50-day simple moving average is $142.23 and its two-hundred day simple moving average is $148.89.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.11 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. Leidos's dividend payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 30th. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Five investment 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. Based on data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and a consensus price target of $180.69.

Read Our Latest Stock Report on Leidos

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction dated 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 owns 20,195 shares in the company, valued at $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Leidos 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.

Further Reading

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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