Pzena Investment Management LLC Sells 279,004 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Pzena Investment Management LLC lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,876 shares of the aerospace company's stock after selling 279,004 shares during the period. Pzena Investment Management LLC owned approximately 0.17% of Leidos worth $32,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Rakuten Securities Inc. boosted its position in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after acquiring an additional 146 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in Leidos during the fourth quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Leidos in the 3rd quarter valued at $29,000. Berbice Capital Management LLC bought a new position in shares of Leidos in the 4th quarter valued at $29,000. Finally, Mather Group LLC. raised its holdings in shares of Leidos by 143.1% during the 4th 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. Institutional investors and hedge funds own 76.12% of the company's stock.

Leidos Trading Down 0.6 %

Shares of LDOS traded down $0.85 during trading hours on Thursday, hitting $132.75. 1,291,158 shares of the stock were exchanged, compared to its average volume of 1,591,347. The firm has a market capitalization of $17.41 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. Leidos Holdings, Inc. has a fifty-two week low of $123.22 and a fifty-two week high of $202.90. The business has a 50-day moving average of $140.67 and a 200-day moving average of $155.17.

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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 the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at approximately $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 currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. TD Cowen cut shares of Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $200.00 to $165.00 in a research report on Wednesday, January 8th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th. Wells Fargo & Company decreased their target price on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group cut Leidos from a "buy" rating to a "neutral" rating and dropped their price target for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $175.87.

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.