MML Investors Services LLC Has $4.98 Million Position in Leidos Holdings, Inc. (NYSE:LDOS)

MML Investors Services LLC raised its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 414.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,532 shares of the aerospace company's stock after purchasing an additional 24,601 shares during the quarter. MML Investors Services LLC's holdings in Leidos were worth $4,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in Leidos by 156.5% during the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock valued at $165,356,000 after buying an additional 691,575 shares in the last quarter. FMR LLC raised its stake in shares of Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after acquiring an additional 522,764 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company's stock worth $61,459,000 after purchasing an additional 375,495 shares during the last quarter. AQR Capital Management LLC boosted its position in Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock worth $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock valued at $136,491,000 after purchasing an additional 283,558 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LDOS shares. Wells Fargo & Company cut their target price on Leidos from $230.00 to $205.00 and set an "overweight" rating for the company in a research note on Tuesday, November 26th. TD Cowen upped their price target on shares of Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Truist Financial lowered their price objective on shares of Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on shares of Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 30th. Four equities 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. According to data from MarketBeat, Leidos currently has an average rating of "Moderate Buy" and a consensus target price of $182.00.

Leidos Stock Performance

LDOS traded up $0.18 during trading on Friday, hitting $153.16. The stock had a trading volume of 1,071,202 shares, compared to its average volume of 951,078. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.05 and a beta of 0.64. The company has a 50 day moving average price of $171.18 and a 200-day moving average price of $157.54. Leidos Holdings, Inc. has a one year low of $105.52 and a one year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same quarter in the previous year, the company earned $2.03 EPS. The business's revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that Leidos Holdings, Inc. will post 9.89 EPS for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. This is a boost from Leidos's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos's dividend payout ratio (DPR) is 17.31%.

Insiders Place Their Bets

In other Leidos news, Director Noel B. Geer bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Surya N. Mohapatra sold 2,748 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares of the company's stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

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.