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

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,799,770 shares of the aerospace company's stock after selling 353,650 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.35% of Leidos worth $259,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LDOS. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the 4th quarter valued at $27,000. Berbice Capital Management LLC purchased a new stake in Leidos during the fourth quarter valued at about $29,000. Mather Group LLC. raised its position in 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 in the last quarter. Human Investing LLC bought a new stake in Leidos during the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Leidos in the 4th quarter worth about $57,000. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Up 4.7 %

Shares of NYSE LDOS traded up $6.24 during mid-day trading on Wednesday, reaching $139.60. 2,684,450 shares of the company were exchanged, compared to its average volume of 1,194,960. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90. The firm has a 50-day moving average of $135.08 and a 200 day moving average of $152.35. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

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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, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Leidos's dividend payout ratio (DPR) is 17.32%.

Analyst Upgrades and Downgrades

LDOS has been the subject of several recent research reports. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial dropped their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, UBS Group reduced their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.79.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction dated 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 owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.