Intech Investment Management LLC Sells 8,064 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Intech Investment Management LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,853 shares of the aerospace company's stock after selling 8,064 shares during the quarter. Intech Investment Management LLC owned approximately 0.09% of Leidos worth $19,862,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. bought a new position in shares of Leidos during the 1st quarter valued at approximately $261,000. O Shaughnessy Asset Management LLC increased its position in Leidos by 9.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,861 shares of the aerospace company's stock worth $2,210,000 after buying an additional 1,437 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Leidos by 478.2% in the first quarter. UniSuper Management Pty Ltd now owns 8,748 shares of the aerospace company's stock valued at $1,147,000 after buying an additional 7,235 shares during the period. Bessemer Group Inc. lifted its position in shares of Leidos by 95.8% during the 1st quarter. Bessemer Group Inc. now owns 12,074 shares of the aerospace company's stock valued at $1,583,000 after buying an additional 5,906 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in Leidos in the 1st quarter valued at about $307,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. The trade was a 12.08 % 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 Stock Performance

Leidos stock opened at $162.15 on Thursday. Leidos Holdings, Inc. has a fifty-two week low of $105.34 and a fifty-two week high of $202.90. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.06 and a beta of 0.68. The stock's 50 day simple moving average is $169.74 and its two-hundred day simple moving average is $155.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 earnings per share. As a group, analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, December 16th. This is an increase from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio is currently 17.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Bank of America raised their price target on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Robert W. Baird raised their price target on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on shares of Leidos from $205.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays increased their price objective on Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, TD Cowen boosted their target price on Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.23.

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.

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