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

NEOS Investment Management LLC boosted its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,908 shares of the aerospace company’s stock after acquiring an additional 1,239 shares during the period. NEOS Investment Management LLC’s holdings in Leidos were worth $851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its position in Leidos by 86.4% during the 3rd quarter. Cerity Partners LLC now owns 14,863 shares of the aerospace company’s stock worth $2,423,000 after buying an additional 6,888 shares during the last quarter. Bank of Montreal Can boosted its holdings in Leidos by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 114,220 shares of the aerospace company’s stock valued at $18,243,000 after purchasing an additional 5,648 shares in the last quarter. FMR LLC grew its holdings in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after acquiring an additional 522,764 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Leidos during the 3rd quarter worth $230,000. Finally, Freedom Investment Management Inc. grew its stake in shares of Leidos by 15.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 2,696 shares of the aerospace company’s stock worth $439,000 after purchasing an additional 352 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction on Thursday, February 13th. The shares were 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 $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LDOS shares. Truist Financial lowered their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, StockNews.com lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.

Leidos Stock Down 1.3 %

LDOS opened at $133.95 on Monday. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The firm has a 50 day moving average price of $137.51 and a 200 day moving average price of $153.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $17.17 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Leidos Profile

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.