Qube Research & Technologies Ltd acquired a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 25,695 shares of the aerospace company’s stock, valued at approximately $2,598,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LDOS. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Leidos by 11.6% in the first 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 during the period. Rockefeller Capital Management L.P. boosted its stake in Leidos by 5.2% during the first quarter. Rockefeller Capital Management L.P. now owns 6,973 shares of the aerospace company’s stock valued at $671,000 after buying an additional 346 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Leidos by 24.3% during the first quarter. Mercer Global Advisors Inc. ADV now owns 9,525 shares of the aerospace company’s stock valued at $917,000 after buying an additional 1,864 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Leidos by 11.1% during the first quarter. Panagora Asset Management Inc. now owns 11,850 shares of the aerospace company’s stock valued at $1,141,000 after buying an additional 1,180 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Leidos by 2.1% during the first quarter. Geode Capital Management LLC now owns 2,209,828 shares of the aerospace company’s stock valued at $212,168,000 after buying an additional 45,537 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.
LDOS has been the subject of a number of research reports. Robert W. Baird dropped their price target on Leidos from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, August 4th. Argus downgraded Leidos from a “buy” rating to a “hold” rating in a research report on Friday, August 20th. Zacks Investment Research downgraded Leidos from a “hold” rating to a “sell” rating and set a $104.00 price target on the stock. in a report on Wednesday, September 8th. Finally, Cowen reaffirmed a “buy” rating and set a $119.00 target price on shares of Leidos in a research report on Friday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $115.44.
Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 3rd. The aerospace company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.06). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Leidos had a net margin of 5.54% and a return on equity of 23.24%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. As a group, equities research analysts expect that Leidos Holdings, Inc. will post 6.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Leidos’s previous quarterly dividend of $0.34. Leidos’s dividend payout ratio (DPR) is presently 24.70%.
In other news, Director Gary Stephen May sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 12th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the director now directly owns 8,672 shares in the company, valued at approximately $837,281.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Robert Moos sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $98.67, for a total value of $740,025.00. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.
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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