Osaic Holdings Inc. Raises Stock Position in Leidos Holdings, Inc. $LDOS

Osaic Holdings Inc. boosted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 49.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,073 shares of the aerospace company’s stock after purchasing an additional 24,550 shares during the quarter. Osaic Holdings Inc. owned about 0.06% of Leidos worth $11,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Kendall Capital Management boosted its position in shares of Leidos by 93.7% during the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 2,065 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Leidos by 145.6% in the second quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock worth $1,262,000 after purchasing an additional 4,742 shares during the last quarter. McAdam LLC purchased a new stake in Leidos in the second quarter valued at approximately $286,000. Klein Pavlis & Peasley Financial Inc. bought a new stake in Leidos during the second quarter valued at approximately $2,556,000. Finally, Amundi grew its stake in Leidos by 19.1% in the 1st quarter. Amundi now owns 88,927 shares of the aerospace company’s stock worth $12,404,000 after buying an additional 14,246 shares in the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LDOS has been the topic of several research reports. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Citigroup began coverage on Leidos in a research report on Thursday, December 11th. They set a “buy” rating and a $218.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $230.00 price objective on shares of Leidos in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a research report on Monday. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.42.

Leidos Stock Up 1.9%

LDOS opened at $184.57 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is $189.35 and its 200-day moving average price is $177.05. The company has a market cap of $23.60 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.33 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.44. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%.Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. Leidos’s payout ratio is presently 16.04%.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.