Envestnet Portfolio Solutions Inc. Sells 6,480 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,371 shares of the aerospace company’s stock after selling 6,480 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Leidos were worth $6,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in Leidos during the 4th quarter valued at approximately $27,000. Berbice Capital Management LLC purchased a new stake in Leidos during the 4th quarter valued at $29,000. Mather Group LLC. boosted its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Human Investing LLC purchased a new stake in Leidos during the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Leidos during the 4th quarter valued at $57,000. Institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $138.35 on Tuesday. The stock’s 50-day simple moving average is $140.22 and its 200-day simple moving average is $154.88. Leidos Holdings, Inc. has a 52 week low of $123.23 and a 52 week high of $202.90. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Leidos’s payout ratio is 17.32%.

Analyst Ratings Changes

Several brokerages have commented on LDOS. Wells Fargo & Company cut their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Truist Financial dropped their price target on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and cut their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Finally, UBS Group cut their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.87.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Profile

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.