Massachusetts Financial Services Co. MA Sells 353,650 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Massachusetts Financial Services Co. MA trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,799,770 shares of the aerospace company’s stock after selling 353,650 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.35% of Leidos worth $259,275,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LDOS. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the 4th quarter worth $27,000. Berbice Capital Management LLC bought a new position in Leidos in the fourth quarter valued at about $29,000. Mather Group LLC. raised its stake in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 156 shares in the last quarter. Human Investing LLC bought a new position in shares of Leidos in the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Leidos in the 4th quarter valued at approximately $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of Leidos 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 in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of Leidos stock opened at $139.46 on Friday. The business has a 50-day moving average price of $136.04 and a two-hundred day moving average price of $153.20. 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. The company has a market cap of $17.88 billion, a P/E ratio of 15.09, a PEG ratio of 1.65 and a beta of 0.72.

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

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s payout ratio is 17.32%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial dropped their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. StockNews.com raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.07.

Leidos Company 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.