Russell Investments Group Ltd. Cuts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Russell Investments Group Ltd. lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,770 shares of the aerospace company's stock after selling 27,527 shares during the period. Russell Investments Group Ltd. owned 0.19% of Leidos worth $35,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LDOS. Captrust Financial Advisors boosted its position in shares of Leidos by 24.3% in the 3rd quarter. Captrust Financial Advisors now owns 5,500 shares of the aerospace company's stock valued at $896,000 after purchasing an additional 1,074 shares during the period. Stifel Financial Corp boosted its holdings in shares of Leidos by 8.9% in the third quarter. Stifel Financial Corp now owns 157,765 shares of the aerospace company's stock valued at $25,716,000 after acquiring an additional 12,940 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Leidos during the third quarter worth approximately $1,734,000. iA Global Asset Management Inc. grew its position in shares of Leidos by 16.4% during the third quarter. iA Global Asset Management Inc. now owns 6,544 shares of the aerospace company's stock worth $1,067,000 after acquiring an additional 920 shares during the last quarter. Finally, Zacks Investment Management increased its holdings in shares of Leidos by 7.4% in the 3rd quarter. Zacks Investment Management now owns 22,419 shares of the aerospace company's stock valued at $3,654,000 after acquiring an additional 1,535 shares during the period. Institutional investors and hedge funds own 76.12% of the company's stock.

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Analyst Ratings Changes

LDOS has been the topic of a number of recent research reports. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Truist Financial decreased their price objective on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. UBS Group dropped their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Finally, William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Five investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.00.

Leidos Price Performance

NYSE LDOS traded up $2.38 during mid-day trading on Friday, hitting $142.05. The stock had a trading volume of 1,073,575 shares, compared to its average volume of 1,201,385. The company has a 50 day simple moving average of $135.05 and a 200 day simple moving average of $152.06. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $123.23 and a 52-week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. Equities analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's payout ratio is currently 17.32%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, 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. 0.96% of the stock is owned by insiders.

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.