QRG Capital Management Inc. Sells 14,462 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

QRG Capital Management Inc. trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,837 shares of the aerospace company's stock after selling 14,462 shares during the period. QRG Capital Management Inc.'s holdings in Leidos were worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its position in Leidos by 1.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,101 shares of the aerospace company's stock valued at $1,207,000 after acquiring an additional 194 shares during the period. Mackenzie Financial Corp increased its stake in shares of Leidos by 3.8% in the third quarter. Mackenzie Financial Corp now owns 10,709 shares of the aerospace company's stock worth $992,000 after purchasing an additional 390 shares in the last quarter. Advisor Partners II LLC boosted its stake in Leidos by 19.5% in the 3rd quarter. Advisor Partners II LLC now owns 5,741 shares of the aerospace company's stock worth $529,000 after purchasing an additional 938 shares during the period. Park Avenue Securities LLC purchased a new position in Leidos during the third quarter valued at $237,000. Finally, Assetmark Inc. boosted its stake in Leidos by 13.0% during the third quarter. Assetmark Inc. now owns 31,542 shares of the aerospace company's stock valued at $2,907,000 after buying an additional 3,632 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LDOS. Jefferies Financial Group boosted their target price on Leidos from $130.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, April 10th. Robert W. Baird lifted their target price on shares of Leidos from $145.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Bank of America boosted their price target on Leidos from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, March 27th. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 4th. Finally, TheStreet raised shares of Leidos from a "c" rating to a "b" rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.67.

Leidos Stock Down 0.9 %

Shares of LDOS traded down $1.39 during midday trading on Monday, reaching $146.09. 958,482 shares of the company were exchanged, compared to its average volume of 910,456. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $147.80. The stock has a 50-day moving average price of $130.94 and a 200-day moving average price of $117.40. The company has a market cap of $19.75 billion, a price-to-earnings ratio of 63.15, a P/E/G ratio of 1.54 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.59. The business had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. Leidos's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. Research analysts expect that Leidos Holdings, Inc. will post 8.59 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.04%. Leidos's dividend payout ratio (DPR) is presently 65.52%.

Insider Buying and Selling

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