First Citizens Bank & Trust Co. reduced its stake in Leidos Holdings Inc. (NYSE:LDOS) by 26.0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,675 shares of the company’s stock after selling 2,699 shares during the period. First Citizens Bank & Trust Co.’s holdings in Leidos Holdings were worth $367,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. ClariVest Asset Management LLC boosted its stake in Leidos Holdings by 10.1% in the second quarter. ClariVest Asset Management LLC now owns 96,592 shares of the company’s stock valued at $4,623,000 after buying an additional 8,900 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Leidos Holdings by 41.7% in the second quarter. American Century Companies Inc. now owns 23,875 shares of the company’s stock worth $1,143,000 after buying an additional 7,025 shares during the period. Retirement Systems of Alabama boosted its position in shares of Leidos Holdings by 0.7% in the second quarter. Retirement Systems of Alabama now owns 83,431 shares of the company’s stock worth $3,994,000 after buying an additional 613 shares during the period. Shell Asset Management Co. acquired a new position in shares of Leidos Holdings during the second quarter worth about $783,000. Finally, Oakbrook Investments LLC boosted its position in shares of Leidos Holdings by 22.2% in the second quarter. Oakbrook Investments LLC now owns 6,600 shares of the company’s stock worth $316,000 after buying an additional 1,200 shares during the period. 61.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Leidos Holdings Inc. (NYSE:LDOS) traded up 0.34% during mid-day trading on Tuesday, hitting $41.70. 1,198,786 shares of the stock were exchanged. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 10.96 and a beta of 1.38. The stock has a 50-day moving average price of $42.05 and a 200 day moving average price of $47.00. Leidos Holdings Inc. has a 52-week low of $37.79 and a 52-week high of $59.52.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business earned $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Leidos Holdings Inc. will post $3.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s dividend payout ratio (DPR) is presently 35.56%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, October 5th. Argus assumed coverage on shares of Leidos Holdings in a research report on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Citigroup Inc. assumed coverage on shares of Leidos Holdings in a research report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Credit Suisse Group AG lifted their price target on shares of Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.71.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,575 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was bought 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 directly owns 6,143 shares in the company, valued at $254,811.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.
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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