Fmr LLC Sells 590,568 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

FMR LLC trimmed its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,815,158 shares of the aerospace company's stock after selling 590,568 shares during the period. FMR LLC owned about 1.36% of Leidos worth $261,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Leidos by 38.2% during the fourth quarter. Federated Hermes Inc. now owns 37,448 shares of the aerospace company's stock valued at $5,395,000 after purchasing an additional 10,347 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Leidos by 49.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 270,052 shares of the aerospace company's stock worth $38,904,000 after acquiring an additional 88,929 shares in the last quarter. Aviva PLC grew its stake in Leidos by 138.7% in the fourth quarter. Aviva PLC now owns 77,272 shares of the aerospace company's stock valued at $11,132,000 after purchasing an additional 44,896 shares in the last quarter. Oarsman Capital Inc. acquired a new position in Leidos in the 4th quarter worth about $974,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Leidos during the 4th quarter valued at about $5,561,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group reduced their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on Leidos from $191.00 to $173.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and an average target price of $179.23.

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Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction that occurred on 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. The trade was a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company's stock.

Leidos Price Performance

Shares of LDOS traded down $1.51 during trading hours on Wednesday, hitting $139.89. The stock had a trading volume of 838,920 shares, compared to its average volume of 1,205,383. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.65 and a beta of 0.66. The company's fifty day moving average is $135.10 and its two-hundred day moving average is $151.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its 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%. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.14%. Leidos's dividend payout ratio is currently 17.32%.

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.