Vinva Investment Management Ltd Increases Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Vinva Investment Management Ltd grew its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 73,081 shares of the aerospace company's stock after acquiring an additional 3,357 shares during the period. Vinva Investment Management Ltd owned about 0.05% of Leidos worth $10,463,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Verdence Capital Advisors LLC raised its stake in shares of Leidos by 4.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock valued at $242,000 after acquiring an additional 77 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Leidos by 20.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after purchasing an additional 77 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Leidos by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company's stock valued at $394,000 after purchasing an additional 86 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Leidos by 2.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company's stock valued at $691,000 after purchasing an additional 95 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Leidos by 2.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,197 shares of the aerospace company's stock valued at $749,000 after purchasing an additional 100 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

LDOS has been the subject of a number of research reports. William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective on shares of Leidos from $197.00 to $191.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. TD Cowen cut shares of Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.07.

Leidos Stock Down 0.9 %

Shares of NYSE:LDOS traded down $1.19 during trading on Friday, hitting $133.66. 3,989,767 shares of the company were exchanged, compared to its average volume of 1,085,285. The stock has a market capitalization of $17.14 billion, a P/E ratio of 14.46, a PEG 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 12-month low of $123.23 and a 12-month high of $202.90. The firm's 50 day moving average price is $139.37 and its 200-day moving average price is $154.30.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping 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, research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

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

Insider Activity at Leidos

In related news, Director Gary Stephen May sold 2,128 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value 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. This represents a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares of the company's stock, 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. 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.