Massachusetts Financial Services Co. MA Increases Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Massachusetts Financial Services Co. MA boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,153,420 shares of the aerospace company's stock after purchasing an additional 53,307 shares during the period. Massachusetts Financial Services Co. MA owned about 1.61% of Leidos worth $351,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Leidos by 156.5% during the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock valued at $165,356,000 after purchasing an additional 691,575 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company's stock valued at $73,213,000 after purchasing an additional 462,792 shares during the period. International Assets Investment Management LLC raised its stake in shares of Leidos by 24,194.3% during the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company's stock valued at $61,459,000 after purchasing an additional 375,495 shares during the period. AQR Capital Management LLC raised its stake in shares of Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Leidos by 138.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company's stock valued at $67,840,000 after purchasing an additional 300,486 shares during the period. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel B. Geer purchased 2,000 shares of the company's stock in a transaction dated 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 completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. The trade was 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.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LDOS. Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on Leidos from $183.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Truist Financial reduced their price objective on Leidos from $205.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday. Finally, TD Cowen increased their target price on Leidos from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $189.69.

Leidos Trading Up 0.5 %

NYSE LDOS traded up $0.86 on Friday, hitting $165.55. The company's stock had a trading volume of 1,769,996 shares, compared to its average volume of 929,798. Leidos Holdings, Inc. has a 52-week low of $105.52 and a 52-week high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The company's 50-day simple moving average is $170.36 and its 200 day simple moving average is $156.15. The firm has a market cap of $22.09 billion, a P/E ratio of 18.86, a PEG ratio of 1.06 and a beta of 0.68.

Leidos (NYSE:LDOS - Get Free Report) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. Research analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, December 16th. This is a positive change from Leidos's previous quarterly dividend of $0.38. Leidos's dividend payout ratio (DPR) is 17.31%.

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.