Victory Capital Management Inc. Sells 531,220 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Victory Capital Management Inc. lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,687,928 shares of the aerospace company's stock after selling 531,220 shares during the period. Victory Capital Management Inc. owned approximately 2.01% of Leidos worth $438,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in Leidos by 1,460.0% in the 3rd 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 bought a new position in Leidos in the 3rd quarter valued at approximately $29,000. Northwest Investment Counselors LLC bought a new position in Leidos in the 3rd quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new position in shares of Leidos during the second quarter valued at $34,000. Finally, Blue Trust Inc. raised its stake in shares of Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 76.12% of the company's stock.

Leidos Stock Down 0.0 %

Shares of Leidos stock traded down $0.10 during trading hours on Tuesday, reaching $201.29. The company's stock had a trading volume of 743,273 shares, compared to its average volume of 862,674. Leidos Holdings, Inc. has a one year low of $102.72 and a one year high of $202.90. The company has a market capitalization of $26.86 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.57 and a beta of 0.68. The stock's fifty day simple moving average is $167.47 and its two-hundred day simple moving average is $154.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the firm earned $2.03 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.09 earnings per share for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.40 dividend. This is a positive change from Leidos's previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.60 annualized dividend and a yield of 0.79%. Leidos's payout ratio is currently 18.22%.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the transaction, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares of the company's stock, valued at $3,899,594.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LDOS. Robert W. Baird raised their price target on shares of Leidos from $180.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Leidos from $183.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Citigroup raised their price target on shares of Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Finally, TD Cowen increased their price objective on shares of Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has an average rating of "Moderate Buy" and a consensus target price of $191.23.

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.