Independent Advisor Alliance Purchases 6,722 Shares of Leidos Holdings, Inc. $LDOS

Independent Advisor Alliance increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 520.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,014 shares of the aerospace company’s stock after purchasing an additional 6,722 shares during the period. Independent Advisor Alliance’s holdings in Leidos were worth $1,514,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LDOS. Mather Group LLC. acquired a new stake in shares of Leidos in the 3rd quarter worth about $28,000. True Wealth Design LLC boosted its position in shares of Leidos by 471.4% during the second quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after buying an additional 165 shares during the last quarter. Mountain Hill Investment Partners Corp. grew its holdings in Leidos by 66.2% during the second quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock worth $34,000 after buying an additional 86 shares in the last quarter. REAP Financial Group LLC raised its position in Leidos by 50.0% in the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock valued at $36,000 after buying an additional 76 shares during the last quarter. Finally, First Horizon Corp purchased a new stake in Leidos in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of LDOS opened at $189.58 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a market cap of $24.24 billion, a PE ratio of 17.68, a PEG ratio of 1.31 and a beta of 0.59. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $205.77. The stock’s fifty day moving average price is $188.92 and its two-hundred day moving average price is $185.26.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.44. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%. On average, equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the sale, the insider owned 38,575 shares of the company’s stock, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup boosted their target price on Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $220.00 target price on shares of Leidos in a report on Wednesday, January 7th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $213.09.

Leidos Company Profile

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.