Proficio Capital Partners LLC Makes New $9.68 Million Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Proficio Capital Partners LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 67,174 shares of the aerospace company's stock, valued at approximately $9,677,000. Proficio Capital Partners LLC owned about 0.05% of Leidos at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in Leidos by 1,460.0% in the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 146 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos in the 3rd quarter valued at approximately $29,000. Berbice Capital Management LLC purchased a new position in shares of Leidos during the 4th quarter valued at approximately $29,000. Mather Group LLC. grew 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 buying an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new stake in shares of Leidos in the fourth quarter worth $52,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,128 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

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Leidos Stock Performance

Shares of NYSE:LDOS traded down $2.53 on Thursday, hitting $131.18. The company's stock had a trading volume of 544,680 shares, compared to its average volume of 1,545,967. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The stock's 50-day moving average is $141.77 and its two-hundred day moving average is $155.90.

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

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Leidos's dividend payout ratio is currently 17.32%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. UBS Group decreased their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company cut their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.87.

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.