Sei Investments Co. Buys 99,610 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Sei Investments Co. boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 155.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 163,847 shares of the aerospace company's stock after acquiring an additional 99,610 shares during the period. Sei Investments Co. owned 0.12% of Leidos worth $23,604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. FMR LLC increased its stake in shares of Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock valued at $392,133,000 after acquiring an additional 522,764 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Leidos by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after purchasing an additional 405,256 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Leidos by 435.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company's stock valued at $67,032,000 after purchasing an additional 377,756 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in Leidos by 151.6% in the fourth quarter. Teacher Retirement System of Texas now owns 548,748 shares of the aerospace company's stock worth $79,053,000 after purchasing an additional 330,623 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Leidos during the fourth quarter worth $40,402,000. Institutional investors own 76.12% of the company's stock.

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Insider Buying and Selling at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $862,260.48. This trade represents 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. The Goldman Sachs Group lowered Leidos from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Truist Financial cut their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th. 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's stock. According to data from MarketBeat, Leidos presently has an average rating of "Moderate Buy" and an average target price of $178.07.

Leidos Stock Down 1.3 %

Shares of Leidos stock traded down $1.73 during trading hours on Friday, reaching $133.95. 1,590,176 shares of the company's stock were exchanged, compared to its average volume of 1,144,090. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $137.51 and a two-hundred day moving average of $153.64. The stock has a market cap of $17.17 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly 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, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos's dividend payout ratio (DPR) is presently 17.32%.

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.