Leidos Holdings Inc (LDOS) Holdings Cut by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. decreased its holdings in shares of Leidos Holdings Inc (NYSE:LDOS) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,685 shares of the aerospace company’s stock after selling 1,400 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Leidos were worth $3,573,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in shares of Leidos by 30.3% in the second quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock valued at $792,073,000 after buying an additional 3,122,237 shares in the last quarter. Boston Partners grew its stake in shares of Leidos by 14.4% in the second quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock valued at $322,662,000 after buying an additional 687,970 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Leidos by 4,122.6% in the third quarter. Victory Capital Management Inc. now owns 2,161,817 shares of the aerospace company’s stock valued at $149,511,000 after buying an additional 2,110,621 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Leidos by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 1,909,833 shares of the aerospace company’s stock valued at $132,084,000 after purchasing an additional 56,294 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 56.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,728,874 shares of the aerospace company’s stock valued at $119,568,000 after purchasing an additional 621,080 shares during the period. 72.47% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on LDOS shares. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine lowered Leidos from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Argus decreased their target price on Leidos from $80.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 29th. Finally, Cowen reiterated a “buy” rating and issued a $77.00 target price on shares of Leidos in a report on Wednesday, October 17th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.29.
Leidos (NYSE:LDOS) last released its earnings results on Thursday, October 25th. The aerospace company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.04. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Leidos had a return on equity of 18.67% and a net margin of 5.04%. Equities research analysts predict that Leidos Holdings Inc will post 4.36 earnings per share for the current year.
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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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