California Public Employees Retirement System Has $88.11 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

California Public Employees Retirement System raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814,020 shares of the aerospace company’s stock after buying an additional 1,375 shares during the period. California Public Employees Retirement System’s holdings in Leidos were worth $88,110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LDOS. Arkadios Wealth Advisors acquired a new stake in Leidos in the third quarter valued at approximately $205,000. Oak Thistle LLC acquired a new stake in Leidos in the third quarter valued at approximately $1,161,000. Czech National Bank boosted its position in Leidos by 47.8% in the third quarter. Czech National Bank now owns 24,006 shares of the aerospace company’s stock valued at $2,212,000 after buying an additional 7,769 shares in the last quarter. Simplicity Solutions LLC acquired a new stake in Leidos in the third quarter valued at approximately $240,000. Finally, Denali Advisors LLC lifted its holdings in shares of Leidos by 1,154.8% during the third quarter. Denali Advisors LLC now owns 2,610 shares of the aerospace company’s stock worth $241,000 after purchasing an additional 2,402 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Up 0.2 %

LDOS opened at $128.90 on Thursday. Leidos Holdings, Inc. has a 1-year low of $76.58 and a 1-year high of $131.50. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.42 billion, a P/E ratio of 90.78, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a fifty day moving average price of $127.30 and a two-hundred day moving average price of $113.33.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that Leidos Holdings, Inc. will post 7.77 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, March 14th. Leidos’s payout ratio is presently 107.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LDOS. Wells Fargo & Company lifted their price target on shares of Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Bank of America lifted their price target on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price target on shares of Leidos from $105.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Barclays upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Finally, TheStreet raised shares of Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and an average target price of $132.42.

Insider Transactions at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Leidos news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.