Leidos Holdings, Inc. (NYSE:LDOS) Stock Position Decreased by Swiss National Bank

Swiss National Bank cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,500 shares of the aerospace company's stock after selling 19,800 shares during the quarter. Swiss National Bank owned approximately 0.27% of Leidos worth $52,078,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Avantax Advisory Services Inc. grew its position in shares of Leidos by 33.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,646 shares of the aerospace company's stock valued at $1,246,000 after purchasing an additional 2,159 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Leidos by 625.4% in the fourth quarter. Jupiter Asset Management Ltd. now owns 281,452 shares of the aerospace company's stock valued at $40,546,000 after purchasing an additional 242,651 shares during the last quarter. Truvestments Capital LLC grew its position in shares of Leidos by 8.8% in the fourth quarter. Truvestments Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $315,000 after purchasing an additional 176 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Leidos by 20.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,839 shares of the aerospace company's stock valued at $265,000 after buying an additional 307 shares during the period. Finally, Miller Financial Services LLC purchased a new position in shares of Leidos during the fourth quarter valued at approximately $460,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

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Leidos Trading Down 0.0 %

Shares of LDOS stock traded down $0.05 during mid-day trading on Wednesday, reaching $138.61. The company's stock had a trading volume of 1,408,827 shares, compared to its average volume of 1,570,797. The company's 50 day simple moving average is $140.05 and its 200-day simple moving average is $154.74. The firm has a market capitalization of $17.77 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12-month low of $123.22 and a 12-month 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 net margin of 7.53% and a return on equity of 30.93%. On average, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio (DPR) is 17.32%.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th. Wells Fargo & Company reduced their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. TD Cowen downgraded shares of Leidos from a "buy" rating to a "hold" rating and reduced their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.87.

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.