Miller Financial Services LLC Buys Shares of 3,196 Leidos Holdings, Inc. (NYSE:LDOS)

Miller Financial Services LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,196 shares of the aerospace company's stock, valued at approximately $460,000.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its position 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 worth $25,000 after acquiring an additional 146 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Leidos during the third quarter worth $29,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter worth $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the fourth quarter worth $29,000. Finally, Mather Group LLC. lifted its position in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were 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 in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Stephen May sold 2,128 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LDOS. 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. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company decreased their price target on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. TD Cowen cut shares of Leidos from a "buy" rating to a "hold" rating and decreased their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Finally, StockNews.com cut Leidos from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.87.

Leidos Trading Down 0.6 %

Shares of Leidos stock traded down $0.85 during trading on Thursday, reaching $132.75. 1,291,158 shares of the stock were exchanged, compared to its average volume of 1,591,347. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The stock's fifty day moving average is $140.67 and its 200 day moving average is $155.17. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.22 and a 1 year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate 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 research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 dividend payout ratio (DPR) is presently 17.32%.

Leidos Company 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.