Whittier Trust Co. of Nevada Inc. held its position in shares of Leidos Holdings Inc. (NYSE:LDOS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,127 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Leidos Holdings were worth $102,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. State Street Corp boosted its position in shares of Leidos Holdings by 0.7% in the first quarter. State Street Corp now owns 1,914,603 shares of the company’s stock worth $96,346,000 after buying an additional 13,201 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Leidos Holdings during the first quarter valued at approximately $634,000. Canada Pension Plan Investment Board raised its position in Leidos Holdings by 7.3% in the first quarter. Canada Pension Plan Investment Board now owns 194,000 shares of the company’s stock valued at $9,762,000 after buying an additional 13,200 shares during the period. Landscape Capital Management L.L.C. bought a new position in Leidos Holdings during the first quarter valued at approximately $1,011,000. Finally, NN Investment Partners Holdings N.V. bought a new position in Leidos Holdings during the first quarter valued at approximately $3,092,000. Hedge funds and other institutional investors own 61.04% of the company’s stock.
Leidos Holdings Inc. (NYSE:LDOS) traded up 0.55% during trading on Friday, hitting $41.88. 986,866 shares of the stock were exchanged. The stock has a 50 day moving average price of $41.93 and a 200-day moving average price of $47.16. Leidos Holdings Inc. has a 12-month low of $37.79 and a 12-month high of $59.52. The firm has a market capitalization of $3.05 billion, a PE ratio of 11.01 and a beta of 1.38.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The business earned $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate 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 paid a $0.32 dividend. The ex-dividend date was Friday, September 16th. This represents a $1.28 dividend on an annualized basis and a yield of 3.06%. Leidos Holdings’s payout ratio is presently 35.56%.
LDOS has been the subject of several recent research reports. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, August 23rd. Argus began coverage on Leidos Holdings in a research report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 target price for the company. Citigroup Inc. began coverage on Leidos Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 target price for the company. Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a research note on Monday, August 1st. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Leidos Holdings in a research note on Monday, July 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Leidos Holdings presently has an average rating of “Buy” and an average target price of $50.71.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,575 shares of Leidos Holdings stock in a transaction on Tuesday, September 13th. The shares were purchased at an average cost of $41.48 per share, with a total value of $148,291.00. Following the completion of the purchase, the director now owns 6,143 shares in the company, valued at $254,811.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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