Capital Fund Management S.A. reduced its position in Leidos Holdings, Inc. (NYSE:LDOS) by 16.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 225,261 shares of the aerospace company’s stock after selling 43,535 shares during the period. Capital Fund Management S.A. owned 0.15% of Leidos Holdings worth $11,644,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of Leidos Holdings by 6.8% in the 2nd quarter. Alliancebernstein L.P. now owns 91,713 shares of the aerospace company’s stock valued at $4,741,000 after purchasing an additional 5,875 shares during the last quarter. AXA lifted its holdings in shares of Leidos Holdings by 5.8% in the 2nd quarter. AXA now owns 453,177 shares of the aerospace company’s stock valued at $23,425,000 after purchasing an additional 24,747 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Leidos Holdings by 12.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,501,353 shares of the aerospace company’s stock valued at $180,985,000 after purchasing an additional 399,849 shares during the last quarter. Eaton Vance Management lifted its holdings in shares of Leidos Holdings by 9,004.1% in the 2nd quarter. Eaton Vance Management now owns 1,144,569 shares of the aerospace company’s stock valued at $59,163,000 after purchasing an additional 1,131,997 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Leidos Holdings in the 2nd quarter valued at about $4,732,000. 75.15% of the stock is owned by institutional investors and hedge funds.
Leidos Holdings, Inc. (NYSE LDOS) traded down 1.02% during mid-day trading on Friday, reaching $57.11. The company’s stock had a trading volume of 702,985 shares. Leidos Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $58.94. The stock’s 50-day moving average is $55.85 and its 200-day moving average is $53.80. The firm has a market capitalization of $8.64 billion, a PE ratio of 25.59 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The firm’s revenue for the quarter was up 99.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that Leidos Holdings, Inc. will post $3.55 EPS for the current year.
The company also recently declared a dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 15th. Leidos Holdings’s dividend payout ratio is currently 55.65%.
In other news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares in the company, valued at approximately $372,410. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.
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Several research firms have recently weighed in on LDOS. Cowen and Company reissued a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, June 20th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $61.78.
Leidos Holdings Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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