California Public Employees Retirement System increased its stake in shares of Leidos Holdings Inc (NYSE:LDOS) by 40.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 533,081 shares of the aerospace company’s stock after buying an additional 152,569 shares during the quarter. California Public Employees Retirement System owned about 0.35% of Leidos worth $31,452,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Leidos by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,535,519 shares of the aerospace company’s stock worth $90,593,000 after acquiring an additional 6,784 shares during the last quarter. Strs Ohio increased its stake in Leidos by 353.3% during the second quarter. Strs Ohio now owns 8,204 shares of the aerospace company’s stock worth $484,000 after acquiring an additional 6,394 shares during the last quarter. Barings LLC increased its stake in Leidos by 51.7% during the second quarter. Barings LLC now owns 6,750 shares of the aerospace company’s stock worth $398,000 after acquiring an additional 2,300 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in Leidos by 12.1% during the second quarter. Stanley Laman Group Ltd. now owns 15,395 shares of the aerospace company’s stock worth $908,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Leidos by 103.0% during the second quarter. Riverhead Capital Management LLC now owns 37,940 shares of the aerospace company’s stock worth $2,238,000 after acquiring an additional 19,250 shares during the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Shares of NYSE LDOS opened at $68.84 on Wednesday. Leidos Holdings Inc has a twelve month low of $57.50 and a twelve month high of $72.30. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $10.50 billion, a PE ratio of 18.51, a PEG ratio of 1.67 and a beta of 1.67.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Thursday, July 26th. The aerospace company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. Leidos had a return on equity of 18.05% and a net margin of 4.42%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. research analysts anticipate that Leidos Holdings Inc will post 4.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.86%. Leidos’s payout ratio is presently 34.41%.

Several equities research analysts have issued reports on LDOS shares. ValuEngine raised Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised Leidos from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday. Finally, Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $75.38.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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