Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,916 shares of the aerospace company's stock after selling 11,256 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Leidos worth $14,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Leidos in the fourth quarter valued at about $167,042,000. BlackRock Inc. lifted its position in Leidos by 10.9% in the first quarter. BlackRock Inc. now owns 15,010,106 shares of the aerospace company's stock valued at $1,381,830,000 after buying an additional 1,475,772 shares during the last quarter. Pzena Investment Management LLC lifted its position in Leidos by 320.1% in the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company's stock valued at $114,902,000 after buying an additional 949,955 shares during the last quarter. FMR LLC lifted its position in Leidos by 36.1% in the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company's stock valued at $166,687,000 after buying an additional 479,906 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Leidos by 314.2% in the first quarter. Renaissance Technologies LLC now owns 477,350 shares of the aerospace company's stock valued at $43,945,000 after buying an additional 362,100 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company's stock, valued at $1,879,471.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company's stock, valued at $1,879,471.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now directly owns 11,352 shares of the company's stock, valued at $1,413,210.48. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Stock Performance

Shares of LDOS stock traded down $0.92 during trading hours on Wednesday, hitting $126.18. The stock had a trading volume of 740,016 shares, compared to its average volume of 813,157. The firm has a market capitalization of $17.05 billion, a PE ratio of 88.86, a PEG ratio of 1.79 and a beta of 0.70. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $131.50. The stock's 50 day moving average is $124.97 and its 200 day moving average is $110.94. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. As a group, research analysts forecast that Leidos Holdings, Inc. will post 7.76 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, March 14th. Leidos's dividend payout ratio is presently 107.04%.

Wall Street Analyst Weigh In

LDOS has been the topic of several research reports. TheStreet raised shares of Leidos from a "c" rating to a "b" rating in a research report on Tuesday, February 13th. Jefferies Financial Group upped their target price on shares of Leidos from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Leidos from $137.00 to $147.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Argus upped their target price on shares of Leidos from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Bank of America upped their target price on shares of Leidos from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.42.

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.