Systematic Financial Management LP Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

Systematic Financial Management LP lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,470 shares of the aerospace company's stock after selling 19,860 shares during the period. Systematic Financial Management LP owned about 0.12% of Leidos worth $23,694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LDOS. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Leidos during the fourth quarter valued at $25,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos during the 4th quarter valued at about $27,000. Berbice Capital Management LLC purchased a new position in shares of Leidos in the 4th quarter valued at about $29,000. Mather Group LLC. raised its holdings in Leidos by 143.1% in the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after purchasing an additional 156 shares during the period. Finally, Human Investing LLC purchased a new position in Leidos during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Up 0.5%

Leidos stock traded up $0.74 during trading on Tuesday, reaching $160.27. 826,773 shares of the company were exchanged, compared to its average volume of 1,217,119. The stock's 50 day simple moving average is $142.74 and its two-hundred day simple moving average is $148.22. The company has a market capitalization of $20.63 billion, a P/E ratio of 17.35, a PEG ratio of 1.65 and a beta of 0.65. 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 Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.50. The business had revenue of $4.25 billion during 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 for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now owns 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LDOS. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada boosted their target price on shares of Leidos from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.69.

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.