Leidos Holdings, Inc. $LDOS Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 186.2% during the 1st quarter, Holdings Channel reports. The firm owned 7,375 shares of the aerospace company’s stock after buying an additional 4,798 shares during the quarter. Convergence Investment Partners LLC’s holdings in Leidos were worth $1,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Longview Financial Advisors Inc. acquired a new position in Leidos in the 1st quarter valued at $26,000. JFS Wealth Advisors LLC raised its holdings in shares of Leidos by 77.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 66 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Leidos by 94.7% during the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 72 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Leidos during the 4th quarter valued at approximately $28,000. Finally, Rakuten Securities Inc. lifted its holdings in Leidos by 110.5% in the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

Leidos stock opened at $104.77 on Wednesday. The stock has a market capitalization of $13.18 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.57 and a beta of 0.54. Leidos Holdings, Inc. has a 12-month low of $98.86 and a 12-month high of $205.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29. The firm’s 50-day moving average is $115.21 and its two-hundred day moving average is $150.93.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.25. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities analysts predict that Leidos Holdings, Inc. will post 12.3 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, June 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. Leidos’s dividend payout ratio (DPR) is 15.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company set a $125.00 price target on Leidos in a research report on Wednesday, June 17th. Citigroup cut their target price on Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Argus upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, TD Cowen cut their price target on shares of Leidos from $160.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Leidos has a consensus rating of “Hold” and a consensus price target of $163.80.

Insider Activity

In other news, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Leidos 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.