Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,063 shares of the aerospace company's stock after purchasing an additional 6,790 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Leidos were worth $5,339,000 at the end of the most recent reporting period.

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

Leidos Stock Up 0.1 %

NYSE:LDOS traded up $0.09 during mid-day trading on Thursday, hitting $154.81. The stock had a trading volume of 1,176,942 shares, compared to its average volume of 1,205,797. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The stock has a 50-day simple moving average of $139.18 and a two-hundred day simple moving average of $149.63. 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 company has a market capitalization of $19.85 billion, a PE ratio of 16.75, a PEG ratio of 1.65 and a beta of 0.65.

Leidos (NYSE:LDOS - Get Free Report) last released 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 business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Monday, June 16th. Leidos's dividend payout ratio (DPR) is 17.32%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Truist Financial dropped their price target on shares of Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and dropped their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $180.69.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.

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.