Martingale Asset Management L P Reduces Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Martingale Asset Management L P decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,234 shares of the aerospace company's stock after selling 50,606 shares during the quarter. Martingale Asset Management L P owned 0.08% of Leidos worth $15,880,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Leidos during the 4th quarter valued at $266,419,000. Alliancebernstein L.P. raised its position in Leidos by 510.6% during the fourth quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company's stock valued at $144,011,000 after purchasing an additional 835,930 shares in the last quarter. Invesco Ltd. lifted its stake in Leidos by 35.0% during the fourth quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Leidos by 435.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after purchasing an additional 377,756 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $203,320.16. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. TD Cowen cut 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, StockNews.com lowered Leidos from a "strong-buy" rating to a "buy" rating in a research report on Friday. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Leidos has an average rating of "Moderate Buy" and a consensus target price of $179.23.

Leidos Stock Up 0.2 %

LDOS traded up $0.34 on Monday, hitting $142.22. The company had a trading volume of 304,761 shares, compared to its average volume of 1,197,903. The stock has a fifty day simple moving average of $135.05 and a 200-day simple moving average of $152.06. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $18.23 billion, a P/E ratio of 15.39, 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.

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 (EPS) for the quarter, beating 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, equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

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

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.