Quantinno Capital Management LP Boosts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Quantinno Capital Management LP lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 94.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,164 shares of the aerospace company's stock after purchasing an additional 15,634 shares during the period. Quantinno Capital Management LP's holdings in Leidos were worth $5,243,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LDOS. FMR LLC lifted its stake in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after buying an additional 522,764 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Leidos by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company's stock valued at $351,007,000 after acquiring an additional 53,307 shares during the period. Millennium Management LLC boosted its holdings in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock worth $165,356,000 after acquiring an additional 691,575 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock valued at $136,491,000 after purchasing an additional 283,558 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Leidos by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 807,688 shares of the aerospace company's stock valued at $131,653,000 after purchasing an additional 31,619 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Price Performance

Shares of LDOS stock traded down $0.61 during trading hours on Friday, hitting $163.15. 976,697 shares of the company's stock were exchanged, compared to its average volume of 1,726,176. Leidos Holdings, Inc. has a 12-month low of $105.52 and a 12-month high of $202.90. The company has a market capitalization of $21.77 billion, a PE ratio of 18.58, a PEG ratio of 1.11 and a beta of 0.64. The business's 50 day simple moving average is $171.81 and its 200-day simple moving average is $157.41. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS - Get Free Report) last posted 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. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.04 earnings per share for the current 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.98%. This is a positive change from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos's dividend payout ratio (DPR) is presently 18.22%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LDOS. Robert W. Baird lifted 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. Barclays upped their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Citigroup boosted their price target on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price objective on Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.36.

Insiders Place Their Bets

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's 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 transaction, the director now owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. This represents a 14.04 % decrease in their position. 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.