QRG Capital Management Inc. Has $3.72 Million Stock Position in Leidos Holdings, Inc. $LDOS

QRG Capital Management Inc. lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 78.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,696 shares of the aerospace company’s stock after selling 70,342 shares during the period. QRG Capital Management Inc.’s holdings in Leidos were worth $3,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Leidos by 3.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock valued at $556,677,000 after buying an additional 111,813 shares during the period. Boston Partners boosted its position in shares of Leidos by 3.7% during the 2nd quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after acquiring an additional 103,321 shares in the last quarter. Norges Bank acquired a new stake in shares of Leidos during the 2nd quarter worth approximately $261,501,000. Alliancebernstein L.P. increased its stake in Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after acquiring an additional 598,974 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Leidos by 21.2% during the second quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after purchasing an additional 250,555 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In related news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $181.04, for a total value of $543,120.00. Following the completion of the sale, the insider directly owned 41,575 shares in the company, valued at $7,526,738. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.96% of the stock is owned by insiders.

Leidos Stock Performance

Shares of LDOS stock opened at $194.63 on Monday. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.37 and a beta of 0.58. 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 $189.12 and its 200-day moving average price is $182.98. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77.

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

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.43 dividend. 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%. The ex-dividend date of this dividend was Monday, December 15th. Leidos’s payout ratio is presently 16.04%.

Analyst Ratings Changes

A number of brokerages have weighed in on LDOS. Zacks Research downgraded Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Citigroup lifted their target price on Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Bank of America boosted their target price on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $220.00 price target (up from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $213.09.

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.