Leidos Holdings Inc. (NYSE:LDOS) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 5,156,932 shares, a decline of 32.9% from the August 31st total of 7,683,700 shares. Based on an average trading volume of 2,370,584 shares, the short-interest ratio is presently 2.2 days. Approximately 3.6% of the shares of the company are sold short.
In related news, Director Surya N. Mohapatra purchased 3,575 shares of Leidos Holdings stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $41.48 per share, with a total value of $148,291.00. Following the completion of the transaction, the director now directly owns 6,143 shares in the company, valued at $254,811.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Synovus Financial Corp raised its position in shares of Leidos Holdings by 0.7% in the second quarter. Synovus Financial Corp now owns 4,878 shares of the company’s stock valued at $235,000 after buying an additional 32 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Leidos Holdings by 0.5% in the second quarter. ProShare Advisors LLC now owns 7,718 shares of the company’s stock valued at $369,000 after buying an additional 38 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Leidos Holdings by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,976 shares of the company’s stock valued at $238,000 after buying an additional 50 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Leidos Holdings by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,166 shares of the company’s stock valued at $535,000 after buying an additional 86 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Leidos Holdings by 2.1% in the second quarter. Mackenzie Financial Corp now owns 6,353 shares of the company’s stock valued at $304,000 after buying an additional 130 shares in the last quarter. 61.04% of the stock is owned by institutional investors.
Leidos Holdings (NYSE:LDOS) opened at 42.17 on Thursday. The firm’s 50-day moving average is $41.53 and its 200 day moving average is $47.44. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 11.08 and a beta of 1.38. Leidos Holdings has a 12 month low of $37.79 and a 12 month high of $59.52.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The company had revenue of $1.29 billion for 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%. Leidos Holdings’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Leidos Holdings will post $3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s dividend payout ratio is currently 35.56%.
A number of equities research analysts have recently commented on LDOS shares. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Citigroup Inc. started coverage on shares of Leidos Holdings in a report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 target price for the company. Zacks Investment Research cut shares of Leidos Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Credit Suisse Group AG upped their target price on shares of Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Leidos Holdings presently has an average rating of “Buy” and a consensus price target of $50.71.
Leidos Holdings Company Profile
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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