Leidos Holdings, Inc. (NYSE:LDOS) Holdings Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 134.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,317 shares of the aerospace company's stock after acquiring an additional 8,773 shares during the period. iA Global Asset Management Inc.'s holdings in Leidos were worth $2,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in shares of Leidos by 83.0% during the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock worth $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock worth $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co boosted its position in Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock valued at $3,902,000 after buying an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Leidos during the fourth quarter valued at about $1,979,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Leidos during the third quarter worth about $4,622,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Stock Performance

Shares of NYSE LDOS traded up $0.38 during mid-day trading on Tuesday, hitting $136.17. The company had a trading volume of 1,340,945 shares, compared to its average volume of 1,088,200. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm's 50 day simple moving average is $138.70 and its two-hundred day simple moving average is $154.03.

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

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. Leidos's dividend payout ratio is presently 17.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LDOS. UBS Group reduced their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. TD Cowen cut Leidos from a "buy" rating to a "hold" rating and reduced their target price for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Leidos has a consensus rating of "Moderate Buy" and an average target price of $178.07.

Insider Activity

In other news, 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 owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $279,278.72. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 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.