California Public Employees Retirement System Sells 1,009 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

California Public Employees Retirement System cut its position in Leidos Holdings, Inc. (NYSE:LDOS) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 657,675 shares of the aerospace company’s stock after selling 1,009 shares during the quarter. California Public Employees Retirement System owned about 0.49% of Leidos worth $94,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC grew its position in shares of Leidos by 3.5% during the 4th quarter. Hobbs Group Advisors LLC now owns 6,561 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 222 shares in the last quarter. Allstate Corp acquired a new stake in Leidos during the fourth quarter worth approximately $538,000. Horizon Investment Services LLC increased its stake in Leidos by 18.6% during the 4th quarter. Horizon Investment Services LLC now owns 15,333 shares of the aerospace company’s stock worth $2,209,000 after acquiring an additional 2,405 shares during the period. denkapparat Operations GmbH acquired a new position in Leidos in the 4th quarter valued at $277,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of Leidos by 2.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 65,452 shares of the aerospace company’s stock valued at $9,429,000 after acquiring an additional 1,852 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Performance

NYSE:LDOS opened at $135.16 on Tuesday. The stock’s 50-day moving average is $137.11 and its 200-day moving average is $153.52. The stock has a market cap of $17.33 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, March 14th. Leidos’s payout ratio is presently 17.32%.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the subject of a number of analyst reports. Truist Financial dropped their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. UBS Group lowered their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and cut their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.