International Assets Investment Management LLC Sells 173,712 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

International Assets Investment Management LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 99.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,601 shares of the aerospace company's stock after selling 173,712 shares during the quarter. International Assets Investment Management LLC's holdings in Leidos were worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Leidos by 18.3% during the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company's stock valued at $8,082,000 after purchasing an additional 11,576 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Leidos by 18.6% during the 4th quarter. Raymond James & Associates now owns 245,665 shares of the aerospace company's stock valued at $26,591,000 after purchasing an additional 38,496 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Leidos during the 1st quarter valued at approximately $1,900,000. Czech National Bank increased its holdings in shares of Leidos by 0.5% during the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company's stock valued at $3,172,000 after purchasing an additional 111 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Leidos by 7.8% during the 3rd quarter. Northern Trust Corp now owns 1,143,664 shares of the aerospace company's stock valued at $105,400,000 after purchasing an additional 82,447 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Stock Up 0.5 %

LDOS traded up $0.79 on Thursday, reaching $147.18. The company's stock had a trading volume of 676,438 shares, compared to its average volume of 888,449. The stock has a 50 day moving average of $143.53 and a two-hundred day moving average of $127.21. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 63.44, a P/E/G ratio of 1.53 and a beta of 0.69. Leidos Holdings, Inc. has a fifty-two week low of $85.62 and a fifty-two week high of $151.32.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, analysts forecast that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, June 14th. Leidos's payout ratio is currently 65.52%.

Insider Transactions at Leidos

In other news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares of the company's stock, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LDOS. Argus lifted their target price on shares of Leidos from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Royal Bank of Canada lifted their price target on shares of Leidos from $120.00 to $140.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 1st. Robert W. Baird lifted their price target on shares of Leidos from $145.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. StockNews.com raised shares of Leidos from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 4th. Finally, Barclays lifted their target price on shares of Leidos from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $146.08.

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.