Marks Group Wealth Management Inc Lowers Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Marks Group Wealth Management Inc reduced its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,806 shares of the aerospace company's stock after selling 2,309 shares during the period. Marks Group Wealth Management Inc's holdings in Leidos were worth $8,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LDOS. Rakuten Securities Inc. boosted its stake in shares of Leidos by 1,460.0% during the third 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 purchased a new stake in shares of Leidos during the third quarter valued at approximately $29,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter valued at approximately $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Leidos during the third quarter valued at approximately $30,000. Finally, Mather Group LLC. boosted its stake in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 156 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LDOS shares. Robert W. Baird increased their price objective on Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased 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. Cantor Fitzgerald initiated coverage on Leidos in a research note on Friday, February 7th. They issued an "overweight" rating and a $185.00 price target for the company. UBS Group dropped their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Citigroup raised their price target on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $176.27.

Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's 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 completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Up 1.2 %

Shares of NYSE:LDOS traded up $1.57 on Friday, hitting $132.22. 1,752,327 shares of the company traded hands, compared to its average volume of 1,277,481. Leidos Holdings, Inc. has a 52 week low of $120.98 and a 52 week high of $202.90. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $147.55 and a 200-day simple moving average of $157.29. The company has a market cap of $17.64 billion, a PE ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.21%. Leidos's payout ratio is 18.22%.

About Leidos

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.