NFJ Investment Group LLC Sells 3,078 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

NFJ Investment Group LLC reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,702 shares of the aerospace company's stock after selling 3,078 shares during the quarter. NFJ Investment Group LLC's holdings in Leidos were worth $3,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LDOS. Millennium Management LLC lifted its position in Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock worth $165,356,000 after buying an additional 691,575 shares during the period. FMR LLC lifted its position in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after buying an additional 522,764 shares during the period. Wedge Capital Management L L P NC lifted its position in Leidos by 1,184.3% during the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company's stock worth $73,213,000 after buying an additional 462,792 shares during the period. International Assets Investment Management LLC increased its stake in Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company's stock worth $61,459,000 after acquiring an additional 375,495 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock worth $101,942,000 after acquiring an additional 303,775 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LDOS has been the subject of several research analyst reports. Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price objective on Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. TD Cowen increased their target price on Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Truist Financial reduced their target price on Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Three investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $187.36.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction 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 in the company, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos Stock Up 0.7 %

Shares of NYSE:LDOS traded up $1.23 on Wednesday, reaching $165.36. The company had a trading volume of 501,935 shares, compared to its average volume of 936,363. Leidos Holdings, Inc. has a twelve month low of $105.52 and a twelve month high of $202.90. The stock has a 50-day moving average price of $171.50 and a 200 day moving average price of $157.17. The stock has a market capitalization of $22.06 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.97. The business 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 firm's revenue for the quarter 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, equities analysts expect that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. This is a positive change from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos's payout ratio is currently 17.31%.

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.