MML Investors Services LLC Purchases 8,611 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

MML Investors Services LLC lifted its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,143 shares of the aerospace company's stock after acquiring an additional 8,611 shares during the period. MML Investors Services LLC's holdings in Leidos were worth $5,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Leidos by 53.1% during the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company's stock worth $93,891,000 after purchasing an additional 199,686 shares in the last quarter. Morse Asset Management Inc increased its holdings in Leidos by 92.0% in the 3rd quarter. Morse Asset Management Inc now owns 5,175 shares of the aerospace company's stock valued at $844,000 after buying an additional 2,480 shares during the period. World Investment Advisors LLC raised its stake in shares of Leidos by 18.3% in the 3rd quarter. World Investment Advisors LLC now owns 3,395 shares of the aerospace company's stock valued at $553,000 after buying an additional 526 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Leidos during the 3rd quarter worth about $311,000. Finally, Tidal Investments LLC boosted its position in shares of Leidos by 16.7% during the 3rd quarter. Tidal Investments LLC now owns 13,191 shares of the aerospace company's stock valued at $2,150,000 after acquiring an additional 1,883 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Leidos Trading Down 0.7 %

LDOS stock traded down $1.03 during midday trading on Wednesday, reaching $146.54. The stock had a trading volume of 128,171 shares, compared to its average volume of 1,209,601. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $136.67 and a two-hundred day simple moving average of $150.27.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. Leidos's dividend payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

LDOS has been the topic of a number of recent research reports. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and decreased their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Leidos from $191.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Truist Financial dropped their target price 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. Finally, William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $179.23.

Insiders Place Their Bets

In other Leidos 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 sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Leidos Company 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.