Susquehanna Fundamental Investments LLC Invests $6.65 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Susquehanna Fundamental Investments LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,190 shares of the aerospace company's stock, valued at approximately $6,654,000.

Other hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos during the 4th quarter worth about $27,000. Berbice Capital Management LLC acquired a new stake in Leidos in the 4th quarter valued at approximately $29,000. Mather Group LLC. raised its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares during the period. Human Investing LLC acquired a new position in Leidos during the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Leidos during the fourth quarter worth $57,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

LDOS traded up $2.10 during trading on Friday, hitting $148.71. 1,494,264 shares of the stock were exchanged, compared to its average volume of 1,200,577. The stock has a fifty day moving average price of $137.45 and a two-hundred day moving average price of $150.09. The firm has a market capitalization of $19.07 billion, a P/E ratio of 16.09, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. Leidos's payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LDOS. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and lowered their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. UBS Group dropped their price target on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Finally, William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Leidos currently has an average rating of "Moderate Buy" and an average price target of $179.23.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following 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 disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Company 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.