Leidos Holdings, Inc. (NYSE:LDOS) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,975 shares of the aerospace company's stock after acquiring an additional 68,009 shares during the quarter. Leidos accounts for 1.2% of Wedge Capital Management L L P NC's portfolio, making the stock its 8th largest position. Wedge Capital Management L L P NC owned about 0.35% of Leidos worth $67,128,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its position in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 146 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Leidos in the 3rd quarter valued at about $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Leidos in the 3rd quarter worth approximately $30,000. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the 2nd quarter worth approximately $34,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Leidos during the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 76.12% of the company's stock.

Wall Street Analysts Forecast Growth

LDOS has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Leidos from $205.00 to $199.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Citigroup lifted their price target on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Robert W. Baird lifted their target price on Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group cut shares of Leidos from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $179.07.

Insider Buying and Selling

In other Leidos news, Director Noel B. Geer acquired 2,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $322,260. This trade represents a ∞ increase in their position. The transaction 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 Leidos stock in a transaction on Thursday, October 31st. The shares were 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 owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

LDOS traded up $0.10 on Friday, hitting $155.19. The company had a trading volume of 1,318,023 shares, compared to its average volume of 1,034,872. Leidos Holdings, Inc. has a 1-year low of $107.73 and a 1-year high of $202.90. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 0.98 and a beta of 0.66. The company's fifty day moving average price is $157.02 and its 200 day moving average price is $158.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

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 (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.03 earnings per share. Equities analysts predict that Leidos Holdings, Inc. will post 10.03 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.40 dividend. This is a boost from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, December 16th. Leidos's dividend payout ratio (DPR) is 18.22%.

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.