Virtu Financial LLC Acquires New Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Virtu Financial LLC acquired a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,726 shares of the aerospace company's stock, valued at approximately $1,545,000.

A number of other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock worth $945,458,000 after purchasing an additional 56,066 shares during the period. JPMorgan Chase & Co. lifted its stake in Leidos by 13.1% during 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 during the last quarter. Geode Capital Management LLC raised its holdings in Leidos by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock worth $546,912,000 after buying an additional 42,358 shares during the period. FMR LLC boosted its stake in Leidos by 27.8% in the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Leidos by 39.9% during the fourth quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company's stock worth $121,223,000 after purchasing an additional 239,846 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Down 0.4 %

Shares of NYSE LDOS traded down $0.58 during trading on Thursday, reaching $135.76. The company had a trading volume of 1,002,874 shares, compared to its average volume of 1,089,566. The stock has a market cap of $17.41 billion, a PE ratio of 14.69, a P/E/G ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12-month low of $123.23 and a 12-month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business's 50-day moving average is $138.32 and its 200 day moving average is $153.91.

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Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (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%. As a group, equities analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Leidos's payout ratio is 17.32%.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred 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 transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 11,264 shares of the company's stock, valued at $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. Company insiders own 0.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased 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. William Blair lowered Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. TD Cowen lowered shares of Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Truist Financial dropped their target price on Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.07.

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.