Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,658 shares of the aerospace company’s stock after selling 514 shares during the quarter. Arizona State Retirement System’s holdings in Leidos were worth $4,947,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LDOS. Independent Advisor Alliance acquired a new stake in shares of Leidos during the fourth quarter worth $218,000. Sequoia Financial Advisors LLC raised its position in Leidos by 20.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,839 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 307 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Leidos by 33.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,646 shares of the aerospace company’s stock worth $1,246,000 after acquiring an additional 2,159 shares in the last quarter. Cibc World Markets Corp raised its position in Leidos by 16.2% in the fourth quarter. Cibc World Markets Corp now owns 20,778 shares of the aerospace company’s stock worth $2,993,000 after acquiring an additional 2,895 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Leidos by 67.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,855 shares of the aerospace company’s stock worth $555,000 after acquiring an additional 1,555 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the transaction, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LDOS. Robert W. Baird cut Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. UBS Group raised their price target on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Truist Financial decreased their price objective on Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Baird R W lowered Leidos from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company increased their price objective on Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.15.

Leidos Price Performance

LDOS stock opened at $163.78 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The stock’s 50 day moving average is $154.01 and its two-hundred day moving average is $145.12. The company has a market capitalization of $21.08 billion, a PE ratio of 16.48, a P/E/G ratio of 1.96 and a beta of 0.64.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.47 by $0.50. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. Analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. Leidos’s payout ratio is currently 16.10%.

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.