Veritable L.P. Sells 70 Shares of Leidos Holdings, Inc. (LDOS)
Veritable L.P. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,501 shares of the aerospace company’s stock after selling 70 shares during the period. Veritable L.P.’s holdings in Leidos Holdings were worth $284,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC raised its position in Leidos Holdings by 151.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 59,713 shares of the aerospace company’s stock valued at $3,087,000 after buying an additional 35,946 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Leidos Holdings by 4.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 869,917 shares of the aerospace company’s stock valued at $44,966,000 after buying an additional 36,333 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in Leidos Holdings in the 2nd quarter valued at $1,637,000. Advisor Group Inc. raised its position in Leidos Holdings by 92.9% in the 2nd quarter. Advisor Group Inc. now owns 6,747 shares of the aerospace company’s stock valued at $333,000 after buying an additional 3,250 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in Leidos Holdings in the 2nd quarter valued at $174,000. 74.54% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on LDOS. Jefferies Group LLC reissued a “buy” rating on shares of Leidos Holdings in a research report on Thursday. BidaskClub raised Leidos Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Cowen and Company reaffirmed a “buy” rating and set a $66.00 target price on shares of Leidos Holdings in a research report on Tuesday, September 19th. TheStreet lowered Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Finally, Argus raised their target price on Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. Ten equities research analysts have rated the stock with a buy rating, Leidos Holdings has a consensus rating of “Buy” and an average price target of $61.78.
Shares of Leidos Holdings, Inc. (NYSE:LDOS) opened at 60.25 on Thursday. The stock’s 50 day moving average price is $57.60 and its 200 day moving average price is $54.44. Leidos Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $60.72. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 26.99 and a beta of 1.72.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 99.6% on a year-over-year basis. Analysts expect that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Friday, September 15th. Leidos Holdings’s dividend payout ratio is currently 55.65%.
In other news, Director Gary Stephen May sold 800 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares in the company, valued at $372,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.
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Leidos Holdings Company Profile
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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