Machina Capital S.A.S. Sells 5,703 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Machina Capital S.A.S. trimmed its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 59.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,836 shares of the aerospace company's stock after selling 5,703 shares during the quarter. Machina Capital S.A.S.'s holdings in Leidos were worth $553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company's stock valued at $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock valued at $1,800,000 after purchasing an additional 3,534 shares in the last quarter. Fiduciary Trust Co grew its holdings in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after purchasing an additional 6,395 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of Leidos during the 4th quarter worth about $1,979,000. Finally, Atria Investments Inc lifted its holdings in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock valued at $1,440,000 after purchasing an additional 4,421 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company decreased 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. The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and cut their price objective for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday. William Blair cut Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Finally, UBS Group decreased their price objective on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Six equities 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. According to data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and an average price target of $175.87.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated Thursday, February 13th. The stock was 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 approximately $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the company'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 value 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 $1,478,287.36. This represents a 15.89 % 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 Down 0.4 %

Leidos stock traded down $0.53 during mid-day trading on Wednesday, reaching $133.58. The company's stock had a trading volume of 1,203,138 shares, compared to its average volume of 1,597,693. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The business's 50 day simple moving average is $141.09 and its 200 day simple moving average is $155.48. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 14.46, 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.

Leidos (NYSE:LDOS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) 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%. As a group, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Leidos's dividend payout ratio (DPR) is currently 17.32%.

Leidos Company 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.