Syntax Research Inc. Takes Position in Leidos Holdings, Inc. $LDOS

Syntax Research Inc. purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, HoldingsChannel reports. The fund purchased 7,438 shares of the aerospace company’s stock, valued at approximately $766,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bryn Mawr Trust Advisors LLC lifted its stake in shares of Leidos by 4.8% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 61 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Leidos by 19.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock valued at $69,000 after purchasing an additional 62 shares during the last quarter. Glenmede Investment Management LP increased its position in shares of Leidos by 3.2% during the 3rd quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock valued at $423,000 after purchasing an additional 69 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Leidos by 0.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock valued at $1,377,000 after buying an additional 70 shares during the period. Finally, 44 Wealth Management LLC raised its holdings in Leidos by 1.3% during the 4th quarter. 44 Wealth Management LLC now owns 5,570 shares of the aerospace company’s stock valued at $1,005,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on LDOS shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 price objective on shares of Leidos in a research note on Sunday, August 9th. Royal Bank Of Canada reduced their target price on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Robert W. Baird set a $150.00 target price on shares of Leidos in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Citigroup upped their price target on shares of Leidos from $138.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Leidos presently has an average rating of “Hold” and a consensus price target of $162.93.

Insider Transactions at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total transaction of $140,850.00. Following the completion of the sale, the director directly owned 10,204 shares of the company’s stock, valued at $1,437,233.40. The trade was a 8.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is owned by corporate insiders.

Leidos Trading Down 1.2%

LDOS opened at $132.12 on Friday. The stock’s fifty day moving average is $122.51 and its two-hundred day moving average is $137.83. The company has a market capitalization of $16.58 billion, a P/E ratio of 12.32, a PEG ratio of 1.49 and a beta of 0.56. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business earned $3.21 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Analysts forecast that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. Leidos’s dividend payout ratio is 16.04%.

Leidos declared that its Board of Directors has approved a share repurchase program on Friday, July 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Leidos Company Profile

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.