Leidos Holdings, Inc. $LDOS Stake Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 18.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,090 shares of the aerospace company’s stock after buying an additional 3,234 shares during the period. Illinois Municipal Retirement Fund’s holdings in Leidos were worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Leidos in the second quarter worth approximately $261,501,000. Alliancebernstein L.P. increased its stake in Leidos by 64.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares during the period. AQR Capital Management LLC lifted its position in Leidos by 21.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock worth $223,731,000 after buying an additional 250,555 shares in the last quarter. Hennessy Advisors Inc. lifted its position in Leidos by 1,427.1% in the 3rd quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock worth $49,054,000 after buying an additional 242,600 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Leidos by 753.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock valued at $34,067,000 after buying an additional 190,625 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Trading Up 2.6%

Shares of LDOS stock opened at $175.90 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The company has a market cap of $22.49 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.23 and a beta of 0.59. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $188.17 and its two-hundred day moving average is $186.36.

Insider Transactions at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the transaction, the insider directly owned 38,575 shares in the company, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research reports. Stifel Nicolaus reissued a “hold” rating and set a $220.00 price objective on shares of Leidos in a research report on Wednesday, January 7th. Citigroup boosted their price target on Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Cantor Fitzgerald raised their price objective on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.09.

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.