Orion Portfolio Solutions LLC Reduces Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Orion Portfolio Solutions LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,430 shares of the aerospace company's stock after selling 3,495 shares during the period. Orion Portfolio Solutions LLC's holdings in Leidos were worth $4,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LDOS. Verdence Capital Advisors LLC lifted its holdings in Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock worth $65,000 after buying an additional 77 shares in the last quarter. Fifth Third Bancorp boosted its position in Leidos by 3.2% during the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock worth $394,000 after acquiring an additional 86 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Leidos by 2.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock worth $691,000 after acquiring an additional 95 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Leidos by 2.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. The Goldman Sachs Group cut Leidos from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and an average price target of $178.07.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the 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 transaction, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company's stock, valued at $1,478,287.36. This trade represents 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 company insiders.

Leidos Trading Down 0.1 %

NYSE:LDOS traded down $0.17 during trading hours on Tuesday, reaching $134.77. 1,512,474 shares of the stock were exchanged, compared to its average volume of 1,148,326. Leidos Holdings, Inc. has a twelve month low of $123.23 and a twelve month high of $202.90. 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 business has a 50-day moving average of $137.11 and a two-hundred day moving average of $153.52. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. 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.