Pioneer Investment Management Inc. continued to hold its stake in Leidos Holdings, Inc. (NYSE:LDOS) during the second quarter, Holdings Channel reports. The firm owned 233,796 shares of the aerospace company’s stock at the end of the second quarter. Pioneer Investment Management Inc.’s holdings in Leidos Holdings were worth $12,085,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Leidos Holdings by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock valued at $633,517,000 after buying an additional 483,615 shares during the last quarter. BlackRock Inc. raised its stake in Leidos Holdings by 12,635.3% in the first quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock valued at $581,454,000 after buying an additional 11,280,562 shares during the last quarter. Boston Partners raised its stake in Leidos Holdings by 5.7% in the first quarter. Boston Partners now owns 6,749,196 shares of the aerospace company’s stock valued at $345,155,000 after buying an additional 364,578 shares during the last quarter. FMR LLC raised its stake in Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock valued at $241,680,000 after buying an additional 2,051,894 shares during the last quarter. Finally, State Street Corp raised its stake in Leidos Holdings by 1.4% in the first quarter. State Street Corp now owns 3,783,666 shares of the aerospace company’s stock valued at $193,493,000 after buying an additional 52,149 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Shares of Leidos Holdings, Inc. (NYSE LDOS) opened at 56.68 on Friday. The firm has a 50-day moving average price of $53.54 and a 200 day moving average price of $52.89. Leidos Holdings, Inc. has a 1-year low of $37.79 and a 1-year high of $57.72. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 25.39 and a beta of 1.73.

Leidos Holdings (NYSE:LDOS) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 99.6% compared to the same quarter last year. On average, analysts predict that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.

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LDOS has been the topic of several analyst reports. Cowen and Company upped their target price on Leidos Holdings from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research lowered Leidos Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub lowered Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $68.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $58.50.

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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Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

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