Raymond James & Associates Purchases 10,830 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Raymond James & Associates increased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,531 shares of the aerospace company's stock after purchasing an additional 10,830 shares during the quarter. Raymond James & Associates owned about 0.17% of Leidos worth $38,066,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. 1832 Asset Management L.P. acquired a new stake in Leidos during the 2nd quarter worth about $34,000. Blue Trust Inc. increased its holdings in Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock valued at $41,000 after buying an additional 201 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Leidos by 122.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock worth $45,000 after purchasing an additional 169 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Leidos in the 3rd quarter worth approximately $46,000. Finally, Family Firm Inc. acquired a new position in Leidos during the second quarter worth $60,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 1.3 %

LDOS opened at $167.55 on Wednesday. The business's fifty day simple moving average is $158.83 and its 200 day simple moving average is $148.71. The stock has a market cap of $22.57 billion, a PE ratio of 52.52, a P/E/G ratio of 1.51 and a beta of 0.70. Leidos Holdings, Inc. has a 52 week low of $90.30 and a 52 week high of $170.15. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The business's revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that Leidos Holdings, Inc. will post 8.96 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. Leidos's payout ratio is currently 47.65%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted 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 boosted their price target on shares of Leidos from $165.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Royal Bank of Canada increased their target price on Leidos from $140.00 to $145.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 31st. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Finally, Citigroup increased their price target on shares of Leidos from $169.00 to $194.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Leidos currently has an average rating of "Moderate Buy" and an average price target of $166.92.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the sale, the director now directly owns 7,455 shares of the company's stock, valued at $1,082,689.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Leidos 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.