Fiera Capital Corp Buys New Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Fiera Capital Corp bought a new position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,221 shares of the aerospace company's stock, valued at approximately $525,000.

A number of other hedge funds have also recently modified their holdings of LDOS. Allspring Global Investments Holdings LLC boosted its position in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock worth $136,491,000 after purchasing an additional 283,558 shares in the last quarter. Twin Tree Management LP purchased a new position in Leidos during the first quarter worth approximately $2,512,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company's stock valued at $1,207,000 after acquiring an additional 5,403 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Leidos by 97.2% during the first quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company's stock valued at $1,692,000 after acquiring an additional 6,360 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after acquiring an additional 303,775 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now owns 11,264 shares of the company's stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Trading Up 1.6 %

LDOS stock traded up $3.08 during midday trading on Monday, hitting $201.50. 377,642 shares of the company's stock were exchanged, compared to its average volume of 859,754. The business has a 50-day simple moving average of $166.61 and a two-hundred day simple moving average of $153.88. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $26.89 billion, a PE ratio of 22.60, a P/E/G ratio of 1.57 and a beta of 0.68. Leidos Holdings, Inc. has a 1-year low of $102.72 and a 1-year high of $201.99.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $2.03 earnings per share. On average, sell-side analysts predict that Leidos Holdings, Inc. will post 10.09 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, December 13th. This is a boost from Leidos's previous quarterly dividend of $0.38. Leidos's payout ratio is 17.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LDOS shares. JPMorgan Chase & Co. increased their target price on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Citigroup increased their target price on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays increased their target price on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Robert W. Baird increased their target price on Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, TD Cowen increased their price target on Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $191.23.

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.