Cornercap Investment Counsel Inc. Has $1.99 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Cornercap Investment Counsel Inc. lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 44.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,210 shares of the aerospace company's stock after selling 9,954 shares during the period. Leidos accounts for 0.6% of Cornercap Investment Counsel Inc.'s investment portfolio, making the stock its 13th largest position. Cornercap Investment Counsel Inc.'s holdings in Leidos were worth $1,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LDOS. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after acquiring an additional 146 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Leidos during the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos during the 3rd quarter valued at about $30,000. 1832 Asset Management L.P. bought a new position in Leidos during the 2nd quarter worth approximately $34,000. Finally, Blue Trust Inc. grew its position in Leidos by 251.3% during the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Leidos Price Performance

Shares of NYSE LDOS traded down $7.31 during midday trading on Friday, hitting $160.65. The stock had a trading volume of 5,686,322 shares, compared to its average volume of 904,061. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $169.39 and a 200-day simple moving average of $155.25. The company has a market capitalization of $21.44 billion, a PE ratio of 18.00, a P/E/G ratio of 1.30 and a beta of 0.68. Leidos Holdings, Inc. has a 1 year low of $104.63 and a 1 year high of $202.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion for 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 business's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Leidos's dividend payout ratio is currently 17.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on LDOS shares. Wells Fargo & Company raised their price target on Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Truist Financial boosted their target price on Leidos from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Bank of America boosted their target price on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird boosted their target price on Leidos from $180.00 to $218.00 and gave the stock an "outperform" 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $191.23.

Insider Activity

In other news, 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 transaction of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % 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.

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.