Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,865 shares of the aerospace company’s stock after selling 283 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Leidos Holdings were worth $1,067,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Loomis Sayles & Co. L P increased its stake in Leidos Holdings by 2,239.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,696 shares of the aerospace company’s stock valued at $189,000 after buying an additional 3,538 shares in the last quarter. Honkamp Krueger Financial Services Inc. ADV bought a new stake in Leidos Holdings during the fourth quarter valued at $241,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Leidos Holdings during the first quarter valued at about $247,000. Searle & CO. acquired a new position in shares of Leidos Holdings during the fourth quarter valued at about $249,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Leidos Holdings during the fourth quarter valued at about $259,000. 76.33% of the stock is owned by hedge funds and other institutional investors.
Leidos Holdings, Inc. (LDOS) traded down 2.16% on Friday, reaching $53.98. 1,703,564 shares of the company were exchanged. The stock has a 50-day moving average price of $54.23 and a 200 day moving average price of $52.18. Leidos Holdings, Inc. has a 52 week low of $37.79 and a 52 week high of $56.67. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 25.40 and a beta of 1.74.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. Leidos Holdings had a net margin of 3.16% and a return on equity of 16.70%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the firm posted $0.72 EPS. Leidos Holdings’s revenue for the quarter was up 96.6% on a year-over-year basis. Analysts forecast that Leidos Holdings, Inc. will post $3.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, June 13th. Leidos Holdings’s payout ratio is currently 57.92%.
Several equities analysts recently issued reports on LDOS shares. Vertical Research started coverage on shares of Leidos Holdings in a report on Thursday, March 16th. They set a “buy” rating and a $67.00 price objective on the stock. Cowen and Company lifted their price objective on shares of Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, May 18th. Finally, TheStreet raised shares of Leidos Holdings from a “c” rating to a “b-” rating in a report on Friday, February 24th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $56.70.
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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