Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Skandinaviska Enskilda Banken AB publ lessened its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,111 shares of the aerospace company’s stock after selling 189 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Leidos were worth $112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LDOS. Amundi Pioneer Asset Management Inc. increased its holdings in Leidos by 11.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 347,168 shares of the aerospace company’s stock worth $22,251,000 after acquiring an additional 36,131 shares in the last quarter. Arizona State Retirement System boosted its stake in Leidos by 0.6% during the 1st quarter. Arizona State Retirement System now owns 38,983 shares of the aerospace company’s stock worth $3,753,000 after purchasing an additional 247 shares during the last quarter. Swiss National Bank boosted its stake in Leidos by 1.8% during the 1st quarter. Swiss National Bank now owns 519,401 shares of the aerospace company’s stock worth $50,008,000 after purchasing an additional 9,000 shares during the last quarter. Alps Advisors Inc. boosted its stake in Leidos by 21.3% during the 1st quarter. Alps Advisors Inc. now owns 3,583 shares of the aerospace company’s stock worth $345,000 after purchasing an additional 630 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Leidos by 3.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 6,036 shares of the aerospace company’s stock worth $581,000 after purchasing an additional 221 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

NYSE LDOS opened at $93.03 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.05 and a quick ratio of 0.97. The stock has a market capitalization of $13.17 billion, a P/E ratio of 18.24, a PEG ratio of 1.37 and a beta of 0.88. The firm’s 50-day moving average is $98.46 and its two-hundred day moving average is $100.34. Leidos Holdings, Inc. has a 12 month low of $79.15 and a 12 month high of $113.75.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, August 3rd. The aerospace company reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.06). The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Leidos had a return on equity of 23.24% and a net margin of 5.54%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. As a group, analysts anticipate that Leidos Holdings, Inc. will post 6.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This is a positive change from Leidos’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a yield of 1.55%. Leidos’s dividend payout ratio is 24.70%.

In other Leidos news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the sale, the director now directly owns 8,672 shares in the company, valued at $837,281.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.57% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on LDOS shares. Argus cut shares of Leidos from a “buy” rating to a “hold” rating in a research note on Friday, August 20th. Robert W. Baird lowered their target price on shares of Leidos from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 4th. The Goldman Sachs Group raised shares of Leidos from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 8th. Zacks Investment Research cut shares of Leidos from a “hold” rating to a “sell” rating and set a $104.00 price target on the stock. in a research report on Wednesday, September 8th. Finally, Morgan Stanley boosted their price target on shares of Leidos from $105.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, June 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $115.00.

Leidos Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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