Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,438 shares of the aerospace company's stock after selling 4,094 shares during the period. OMERS ADMINISTRATION Corp's holdings in Leidos were worth $2,080,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Private Advisor Group LLC grew its stake in shares of Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after purchasing an additional 3,534 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new stake in Leidos during the 4th quarter worth approximately $1,979,000. HM Payson & Co. lifted its holdings in Leidos by 959.8% during the 4th quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company's stock worth $342,000 after buying an additional 2,150 shares in the last quarter. Finally, Teamwork Financial Advisors LLC boosted its position in Leidos by 497.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 70,566 shares of the aerospace company's stock valued at $10,166,000 after buying an additional 58,763 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LDOS has been the topic of a number of recent research reports. Truist Financial cut their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their target price on shares of Leidos from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group lifted their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada raised their price objective on shares of Leidos from $150.00 to $160.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $180.69.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the 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 completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. This trade represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of Leidos stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director now owns 20,195 shares of the company's stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Performance

Shares of NYSE:LDOS traded up $0.43 on Monday, reaching $159.43. The company's stock had a trading volume of 915,422 shares, compared to its average volume of 1,215,714. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The stock has a market capitalization of $20.52 billion, a P/E ratio of 17.25, a PEG ratio of 1.65 and a beta of 0.65. The stock's 50-day moving average is $142.23 and its two-hundred day moving average is $148.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.29 EPS. As a group, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 1.00%. Leidos's dividend payout ratio is currently 16.10%.

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.