Leidos Holdings, Inc. $LDOS Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,982 shares of the aerospace company’s stock after selling 2,903 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Leidos were worth $10,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Leidos by 3.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock valued at $556,677,000 after purchasing an additional 111,813 shares in the last quarter. Boston Partners lifted its stake in shares of Leidos by 3.7% during the second quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after purchasing an additional 103,321 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Leidos by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,221,518 shares of the aerospace company’s stock worth $419,778,000 after buying an additional 39,378 shares during the period. Norges Bank purchased a new stake in shares of Leidos during the 2nd quarter valued at about $261,501,000. Finally, Alliancebernstein L.P. lifted its position in Leidos by 64.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after acquiring an additional 598,974 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the sale, the insider owned 38,575 shares in the company, valued at $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by insiders.

Leidos Stock Down 1.2%

Shares of NYSE:LDOS opened at $191.07 on Friday. The firm has a market cap of $24.43 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company has a fifty day simple moving average of $188.95 and a 200 day simple moving average of $183.69. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.44. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.43 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, December 15th. Leidos’s dividend payout ratio is presently 16.04%.

Analyst Ratings Changes

Several brokerages have issued reports on LDOS. Cantor Fitzgerald increased their price objective on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. UBS Group set a $204.00 price target on shares of Leidos in a research note on Thursday, January 15th. Finally, Truist Financial reiterated a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.09.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.