Swiss National Bank Reduces Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Swiss National Bank lessened its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,000 shares of the aerospace company's stock after selling 11,200 shares during the period. Swiss National Bank owned about 0.30% of Leidos worth $44,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LDOS. Pzena Investment Management LLC boosted its position in shares of Leidos by 320.1% in the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company's stock worth $114,902,000 after acquiring an additional 949,955 shares during the last quarter. FMR LLC raised its position in shares of Leidos by 36.1% in the 3rd quarter. FMR LLC now owns 1,808,666 shares of the aerospace company's stock worth $166,687,000 after buying an additional 479,906 shares during the period. Wellington Management Group LLP boosted its holdings in Leidos by 6.2% in the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company's stock valued at $429,501,000 after acquiring an additional 272,090 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Leidos during the fourth quarter valued at about $18,976,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Leidos by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company's stock worth $280,554,000 after acquiring an additional 169,351 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price target on Leidos from $120.00 to $140.00 and gave the company a "sector perform" rating in a report on Wednesday, May 1st. Bank of America increased their price objective on shares of Leidos from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, March 27th. Jefferies Financial Group boosted their target price on shares of Leidos from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Robert W. Baird boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $145.67.

Leidos Price Performance

Shares of LDOS stock traded up $0.23 during mid-day trading on Tuesday, hitting $142.85. 1,013,311 shares of the stock traded hands, compared to its average volume of 907,235. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $144.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The company's 50-day simple moving average is $129.78 and its 200-day simple moving average is $116.23. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 61.57, a price-to-earnings-growth ratio of 1.82 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.59. The company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 8.36 earnings per share for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.06%. Leidos's dividend payout ratio is currently 65.52%.

Insider Activity at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Leidos news, Director Gary Stephen May sold 2,745 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 11,352 shares of the company's stock, valued at approximately $1,413,210.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction that occurred 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 sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is 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.