Groupama Asset Managment Invests $1.23 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Groupama Asset Managment bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,574 shares of the aerospace company's stock, valued at approximately $1,228,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its holdings in shares of Leidos by 4.8% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp raised its position in Leidos by 3.2% in the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Leidos by 2.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Leidos by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock worth $749,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction 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 $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the 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 transaction, the director now 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 position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on LDOS shares. Wells Fargo & Company reduced their price target on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and lowered their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. StockNews.com raised Leidos from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, Truist Financial cut their price target 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 investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $178.07.

Leidos Stock Performance

Shares of LDOS stock traded down $2.17 during midday trading on Monday, hitting $130.97. 526,147 shares of the company were exchanged, compared to its average volume of 1,177,610. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. 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 firm has a market capitalization of $16.79 billion, a P/E ratio of 14.10, a PEG ratio of 1.65 and a beta of 0.66. The firm's 50 day moving average price is $135.79 and its two-hundred day moving average price is $153.04.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly 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 net margin of 7.53% and a return on equity of 30.93%. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Leidos's dividend payout ratio is 17.32%.

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.