Renaissance Technologies LLC Has $71.52 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Renaissance Technologies LLC grew its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 182.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,450 shares of the aerospace company's stock after buying an additional 320,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.37% of Leidos worth $71,519,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LDOS. Vanguard Group Inc. grew its position in Leidos by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 15,450,395 shares of the aerospace company's stock worth $2,225,784,000 after acquiring an additional 84,003 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Leidos by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock worth $571,216,000 after purchasing an additional 405,256 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Leidos by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,393,313 shares of the aerospace company's stock worth $487,649,000 after buying an additional 27,410 shares during the last quarter. Invesco Ltd. boosted its position in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company's stock worth $378,942,000 after purchasing an additional 682,532 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Leidos during the fourth quarter valued at about $266,419,000. Hedge funds and other institutional investors own 76.12% of the company's stock.

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Insider Buying and Selling

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now directly owns 6,408 shares of the company's stock, valued at $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. The trade was 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 company insiders.

Leidos Stock Down 1.1 %

LDOS traded down $1.52 during trading on Tuesday, reaching $141.46. 487,419 shares of the stock traded hands, compared to its average volume of 1,199,033. The stock's 50-day simple moving average is $135.08 and its two-hundred day simple moving average is $151.95. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 15.31, 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 current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping 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%. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Leidos's payout ratio is 17.32%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LDOS. TD Cowen downgraded Leidos from a "buy" rating to a "hold" rating and lowered their target price for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. UBS Group cut their target price on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. StockNews.com lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a research note on Friday. William Blair lowered shares of Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $179.23.

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.