280,455 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 280,455 shares of the aerospace company's stock, valued at approximately $40,402,000. Raymond James Financial Inc. owned about 0.21% of Leidos as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LDOS. Vision Financial Markets LLC acquired a new position in Leidos during the 4th quarter worth about $57,000. Arizona State Retirement System lifted its holdings in Leidos by 1.0% during the 4th quarter. Arizona State Retirement System now owns 37,172 shares of the aerospace company's stock worth $5,355,000 after buying an additional 371 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after buying an additional 77 shares during the period. Aigen Investment Management LP acquired a new position in Leidos during the 4th quarter worth about $685,000. Finally, Proficio Capital Partners LLC acquired a new position in Leidos during the 4th quarter worth about $9,677,000. Institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

Shares of Leidos stock opened at $133.58 on Thursday. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72. The business has a 50-day simple moving average of $140.88 and a 200 day simple moving average of $155.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Remove Ads

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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%. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Truist Financial dropped their price objective on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.87.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89 % 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.