Intech Investment Management LLC Sells 39,130 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Intech Investment Management LLC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 38.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,901 shares of the aerospace company’s stock after selling 39,130 shares during the quarter. Intech Investment Management LLC’s holdings in Leidos were worth $6,808,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Leidos during the fourth quarter worth approximately $28,000. Itau Unibanco Holding S.A. acquired a new position in shares of Leidos during the third quarter worth approximately $30,000. Lindbrook Capital LLC lifted its holdings in shares of Leidos by 209.0% during the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Leidos during the fourth quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new position in shares of Leidos during the fourth quarter worth approximately $41,000. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America upped their price target on Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Argus upped their target price on Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Stifel Nicolaus upped their target price on Leidos from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Jefferies Financial Group upped their target price on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Finally, TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.67.

Leidos Trading Up 0.9 %

LDOS stock traded up $1.38 during midday trading on Friday, reaching $151.15. The stock had a trading volume of 691,702 shares, compared to its average volume of 1,183,335. The business has a fifty day simple moving average of $134.96 and a two-hundred day simple moving average of $120.76. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 65.15, a PEG ratio of 1.59 and a beta of 0.66. Leidos Holdings, Inc. has a twelve month low of $77.91 and a twelve month high of $151.32.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. As a group, research analysts expect that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. Leidos’s payout ratio is currently 65.52%.

Insider Transactions at Leidos

In other news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the transaction, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Corporate 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.