Assetmark Inc. Buys 3,051 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Assetmark Inc. lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,758 shares of the aerospace company's stock after buying an additional 3,051 shares during the quarter. Assetmark Inc.'s holdings in Leidos were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Triad Wealth Partners LLC bought a new stake in shares of Leidos in the 4th quarter worth approximately $308,000. Meridian Wealth Management LLC boosted its stake in Leidos by 11.6% during the 4th quarter. Meridian Wealth Management LLC now owns 2,432 shares of the aerospace company's stock valued at $350,000 after purchasing an additional 252 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in shares of Leidos in the 4th quarter worth approximately $1,979,000. Plato Investment Management Ltd grew its stake in shares of Leidos by 4.7% in the 4th quarter. Plato Investment Management Ltd now owns 6,410 shares of the aerospace company's stock worth $927,000 after purchasing an additional 285 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Leidos during the 4th quarter worth about $108,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In related news, 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 value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

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Leidos Price Performance

LDOS traded down $0.85 during midday trading on Thursday, hitting $132.75. The stock had a trading volume of 1,291,158 shares, compared to its average volume of 1,591,347. The company has a market cap of $17.41 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average of $140.67 and a 200 day moving average of $155.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (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%. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is 17.32%.

Analyst Ratings Changes

Several research analysts recently weighed in on LDOS shares. TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and cut their target price for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. UBS Group dropped their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Leidos presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.87.

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.