Victory Capital Management Inc. Sells 2,378,945 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Victory Capital Management Inc. reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 88.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,983 shares of the aerospace company's stock after selling 2,378,945 shares during the period. Victory Capital Management Inc. owned 0.23% of Leidos worth $44,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its stake in shares of Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock worth $25,000 after buying an additional 146 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Leidos in the third quarter worth $29,000. Duncker Streett & Co. Inc. bought a new position in Leidos in the 4th quarter valued at $27,000. Berbice Capital Management LLC purchased a new stake in shares of Leidos during the 4th quarter valued at $29,000. Finally, Mather Group LLC. raised its stake 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 purchasing an additional 156 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LDOS. StockNews.com downgraded shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company decreased their price target on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. UBS Group reduced their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Truist Financial lowered their target price on Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $175.87.

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Leidos Price Performance

Shares of LDOS stock traded down $0.53 during trading hours on Wednesday, reaching $133.58. The stock had a trading volume of 814,906 shares, compared to its average volume of 1,586,113. The stock's fifty day simple moving average is $141.09 and its 200 day simple moving average is $155.48. The firm has a market capitalization of $17.52 billion, a PE ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last announced 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 net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. Leidos's dividend payout ratio (DPR) is presently 17.32%.

Insider Transactions at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. 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 firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following 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 position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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.