UBS Asset Management Americas Inc. boosted its stake in Leidos Holdings Inc. (NYSE:LDOS) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 66,148 shares of the company’s stock after buying an additional 1,926 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of Leidos Holdings worth $3,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Leidos Holdings by 5.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,238,035 shares of the company’s stock valued at $112,618,000 after buying an additional 113,970 shares during the last quarter. State Street Corp increased its stake in Leidos Holdings by 0.7% in the first quarter. State Street Corp now owns 1,914,603 shares of the company’s stock valued at $96,346,000 after buying an additional 13,201 shares during the period. Ameriprise Financial Inc. increased its stake in Leidos Holdings by 594.3% in the second quarter. Ameriprise Financial Inc. now owns 1,703,529 shares of the company’s stock valued at $81,548,000 after buying an additional 1,458,156 shares during the period. JPMorgan Chase & Co. increased its stake in Leidos Holdings by 22.4% in the first quarter. JPMorgan Chase & Co. now owns 1,538,097 shares of the company’s stock valued at $77,398,000 after buying an additional 281,043 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Leidos Holdings by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 985,091 shares of the company’s stock valued at $47,155,000 after buying an additional 108,999 shares during the period. Institutional investors own 61.04% of the company’s stock.
Shares of Leidos Holdings Inc. (NYSE:LDOS) traded down 0.12% during trading on Tuesday, hitting $42.70. 450,095 shares of the stock were exchanged. The stock has a 50-day moving average of $42.03 and a 200 day moving average of $47.53. The stock has a market cap of $3.11 billion, a P/E ratio of 11.22 and a beta of 1.38. Leidos Holdings Inc. has a 12-month low of $37.79 and a 12-month high of $59.52.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. The business earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that Leidos Holdings Inc. will post $3.15 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s dividend payout ratio is presently 35.56%.
Several analysts recently commented on LDOS shares. Citigroup Inc. started coverage on shares of Leidos Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 price target for the company. Zacks Investment Research downgraded shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Wells Fargo & Co. reiterated a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Argus assumed coverage on shares of Leidos Holdings in a research report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Jefferies Group restated a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.71.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,575 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was purchased at an average price of $41.48 per share, with a total value of $148,291.00. Following the completion of the acquisition, the director now directly owns 6,143 shares in the company, valued at approximately $254,811.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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