Paralel Advisors LLC Sells 4,971 Shares of Leidos Holdings, Inc. $LDOS

Paralel Advisors LLC decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,853 shares of the aerospace company’s stock after selling 4,971 shares during the quarter. Paralel Advisors LLC’s holdings in Leidos were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LDOS. Focus Partners Wealth increased its position in Leidos by 46.5% during the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock valued at $415,000 after acquiring an additional 976 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Leidos by 86.3% in the 2nd quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock worth $2,248,000 after acquiring an additional 6,600 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Leidos by 2.7% in the 2nd quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock worth $536,000 after acquiring an additional 90 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Leidos by 20.2% in the 2nd quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock worth $6,532,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Natixis boosted its stake in shares of Leidos by 222.3% during the 2nd quarter. Natixis now owns 8,155 shares of the aerospace company’s stock worth $1,287,000 after purchasing an additional 5,625 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $141.34 on Friday. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $116.71 and a 200 day moving average of $141.19.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. Leidos’s revenue was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current fiscal year.

Leidos announced that its board has authorized a share repurchase plan on Friday, July 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. Leidos’s dividend payout ratio is 16.04%.

Insiders Place Their Bets

In related news, Director Noel B. Geer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the sale, the director owned 34,274 shares of the company’s stock, valued at $4,820,980.84. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Robert W. Baird set a $150.00 target price on Leidos in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 target price on shares of Leidos in a research note on Sunday, August 9th. Weiss Ratings downgraded Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Finally, TD Cowen raised their price target on Leidos from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $162.93.

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.