Allspring Global Investments Holdings LLC Sells 85,335 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Allspring Global Investments Holdings LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,960 shares of the aerospace company's stock after selling 85,335 shares during the period. Allspring Global Investments Holdings LLC owned 0.33% of Leidos worth $48,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Capital Financial Advisers LLC grew its position in Leidos by 1.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 6,651 shares of the aerospace company's stock valued at $718,000 after buying an additional 107 shares during the last quarter. Lido Advisors LLC grew its position in Leidos by 0.9% in the 1st quarter. Lido Advisors LLC now owns 13,762 shares of the aerospace company's stock valued at $1,486,000 after buying an additional 119 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Leidos by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,858 shares of the aerospace company's stock valued at $1,001,000 after buying an additional 122 shares during the last quarter. Signaturefd LLC grew its position in Leidos by 9.3% in the 3rd quarter. Signaturefd LLC now owns 1,592 shares of the aerospace company's stock valued at $147,000 after buying an additional 135 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Leidos by 10.5% in the third quarter. Covestor Ltd now owns 1,444 shares of the aerospace company's stock valued at $133,000 after acquiring an additional 137 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

In other 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 value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company's stock, valued at $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company's stock, valued at $1,879,471.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company's stock, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LDOS. Argus raised their target price on Leidos from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Leidos from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday. TheStreet upgraded Leidos from a "c" rating to a "b" rating in a report on Tuesday, February 13th. Finally, Robert W. Baird boosted their target price on Leidos from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.42.

Leidos Stock Down 0.7 %

Shares of LDOS traded down $0.91 during trading on Friday, reaching $125.73. The company's stock had a trading volume of 744,960 shares, compared to its average volume of 810,893. The company has a fifty day moving average of $125.29 and a two-hundred day moving average of $111.05. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $131.50. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 89.18, a P/E/G ratio of 1.75 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. Leidos's payout ratio is currently 107.04%.

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.