Meeder Asset Management Inc. Sells 65,811 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Meeder Asset Management Inc. lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 88.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,918 shares of the aerospace company's stock after selling 65,811 shares during the period. Meeder Asset Management Inc.'s holdings in Leidos were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LDOS. Rakuten Securities Inc. grew its holdings in Leidos by 1,460.0% during the third 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 period. Ashton Thomas Securities LLC bought a new stake in shares of Leidos in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new position in shares of Leidos in the third quarter valued at $30,000. 1832 Asset Management L.P. acquired a new stake in shares of Leidos during the 2nd quarter valued at $34,000. Finally, Blue Trust Inc. boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

Insider Buying and Selling at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the business'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 value of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company's stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business'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 completion of the transaction, the director now directly owns 6,408 shares in the company, 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. Company insiders own 0.96% of the company's stock.

Leidos Stock Performance

NYSE LDOS traded up $3.86 during midday trading on Wednesday, hitting $162.15. The company had a trading volume of 1,714,500 shares, compared to its average volume of 921,219. 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 firm has a fifty day simple moving average of $169.74 and a two-hundred day simple moving average of $155.88. 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 18.03, a P/E/G ratio of 1.08 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 EPS. Equities analysts forecast that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. 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 dividend yield of 0.99%. Leidos's dividend payout ratio is presently 17.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Barclays lifted their target price on Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. TD Cowen upped their price objective on shares of Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their target price on Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a research note 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.23.

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.