Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,796 shares of the aerospace company’s stock after purchasing an additional 95 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Leidos were worth $691,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LDOS. American Century Companies Inc. boosted its holdings in Leidos by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 168,881 shares of the aerospace company’s stock valued at $24,636,000 after purchasing an additional 1,812 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Leidos by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 42,095 shares of the aerospace company’s stock valued at $6,273,000 after acquiring an additional 887 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Leidos by 173.5% during the second quarter. Federated Hermes Inc. now owns 1,381 shares of the aerospace company’s stock worth $201,000 after buying an additional 876 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Leidos in the 2nd quarter valued at $2,674,000. Finally, Renaissance Technologies LLC boosted its position in shares of Leidos by 127.6% during the 2nd quarter. Renaissance Technologies LLC now owns 301,050 shares of the aerospace company’s stock worth $43,917,000 after acquiring an additional 168,800 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LDOS. Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and cut their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Robert W. Baird increased their price target on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.07.

Leidos Stock Performance

Leidos stock opened at $155.12 on Thursday. The firm has a market capitalization of $20.70 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.98 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $107.73 and a 52-week high of $202.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The stock has a fifty day moving average price of $159.42 and a two-hundred day moving average price of $157.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. As a group, analysts anticipate that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 18.22%.

Insider Buying and Selling at Leidos

In related news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Noel B. Geer acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at approximately $322,260. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

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.