Leidos Holdings, Inc. (LDOS) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 6.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 91,713 shares of the aerospace company’s stock after buying an additional 5,875 shares during the quarter. Alliancebernstein L.P. owned about 0.06% of Leidos Holdings worth $4,741,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its stake in Leidos Holdings by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after buying an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Leidos Holdings by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Leidos Holdings during the 1st quarter valued at $189,000. Daiwa Securities Group Inc. bought a new position in shares of Leidos Holdings during the 2nd quarter valued at $215,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Leidos Holdings during the 2nd quarter valued at $227,000. Institutional investors own 74.54% of the company’s stock.
Several analysts recently commented on LDOS shares. Cowen and Company reaffirmed a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $68.00 in a research report on Thursday, August 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $61.78.
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Leidos Holdings, Inc. (NYSE LDOS) opened at 60.41 on Tuesday. Leidos Holdings, Inc. has a one year low of $40.96 and a one year high of $60.45. The company has a market capitalization of $9.13 billion, a PE ratio of 27.07 and a beta of 1.73. The company has a 50-day moving average price of $57.44 and a 200-day moving average price of $54.35.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The business’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Analysts expect that Leidos Holdings, Inc. will post $3.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.12%. Leidos Holdings’s dividend payout ratio (DPR) is presently 55.65%.
In related news, VP Jerald S. Howe, Jr. bought 2,000 shares of the stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the sale, the director now directly owns 6,680 shares in the company, valued at $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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