Intech Investment Management LLC Purchases 19,404 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Intech Investment Management LLC boosted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 30.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,305 shares of the aerospace company’s stock after buying an additional 19,404 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Leidos worth $10,789,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Leidos during the 4th quarter valued at approximately $28,000. Lindbrook Capital LLC lifted its position in Leidos by 209.0% during the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Leidos in the 4th quarter worth $35,000. Tidemark LLC bought a new stake in shares of Leidos in the 4th quarter worth about $41,000. Finally, Friedenthal Financial purchased a new stake in shares of Leidos during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Stock Down 0.6 %

Shares of LDOS stock traded down $0.86 on Friday, hitting $149.94. The stock had a trading volume of 862,843 shares, compared to its average volume of 823,191. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. Leidos Holdings, Inc. has a one year low of $89.22 and a one year high of $152.80. The business has a 50 day moving average price of $147.00 and a 200 day moving average price of $131.81. The company has a market cap of $20.27 billion, a PE ratio of 64.63, a P/E/G ratio of 1.55 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. Research analysts anticipate that Leidos Holdings, Inc. will post 8.75 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. Leidos’s payout ratio is 65.52%.

Insiders Place Their Bets

In related news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction on 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 directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Leidos from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Bank of America increased their price target on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Stifel Nicolaus lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Truist Financial reiterated a “buy” rating and set a $165.00 price objective (up previously from $150.00) on shares of Leidos in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group raised their target price on shares of Leidos from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Two 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.83.

Leidos Company 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.