Systematic Financial Management LP raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,330 shares of the aerospace company’s stock after acquiring an additional 4,372 shares during the quarter. Systematic Financial Management LP’s holdings in Leidos were worth $30,046,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in LDOS. Millennium Management LLC lifted its stake in Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after acquiring an additional 691,575 shares during the last quarter. FMR LLC lifted its stake in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after acquiring an additional 522,764 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after acquiring an additional 375,495 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after acquiring an additional 303,775 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.
Leidos Stock Up 0.6 %
Shares of NYSE LDOS opened at $165.06 on Thursday. The firm has a market capitalization of $22.02 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 1 year low of $105.52 and a 1 year high of $202.90. The firm’s 50-day moving average is $171.64 and its 200-day moving average is $157.22.
Leidos Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is currently 17.31%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on LDOS shares. Bank of America lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays lifted their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group started coverage on shares of Leidos in a research report on Monday. They issued a “neutral” rating and a $182.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus price target of $187.36.
Get Our Latest Stock Analysis on LDOS
Insider Activity at Leidos
In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.
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.
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