Convergence Investment Partners LLC Purchases 4,798 Shares of Leidos Holdings, Inc. $LDOS

Convergence Investment Partners LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 186.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,375 shares of the aerospace company’s stock after purchasing an additional 4,798 shares during the quarter. Convergence Investment Partners LLC’s holdings in Leidos were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Wedmont Private Capital lifted its position in Leidos by 4.6% in the 4th quarter. Wedmont Private Capital now owns 1,171 shares of the aerospace company’s stock worth $230,000 after buying an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Leidos by 14.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 492 shares of the aerospace company’s stock valued at $89,000 after buying an additional 61 shares during the period. Richardson Financial Services Inc. raised its holdings in Leidos by 13.4% in the 4th quarter. Richardson Financial Services Inc. now owns 517 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 61 shares in the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in Leidos by 4.8% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock worth $241,000 after buying an additional 61 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Leidos by 0.3% in the 4th quarter. Ritholtz Wealth Management now owns 23,513 shares of the aerospace company’s stock worth $4,242,000 after acquiring an additional 62 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on LDOS shares. JPMorgan Chase & Co. cut their price objective on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. BNP Paribas Exane began coverage on Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 price objective for the company. Argus raised shares of Leidos to a “strong-buy” rating in a report on Tuesday, March 31st. Stifel Nicolaus decreased their price objective on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group decreased their price objective on shares of Leidos from $140.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.80.

Leidos Price Performance

Shares of Leidos stock opened at $104.77 on Wednesday. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. The stock has a 50 day moving average price of $115.21 and a 200-day moving average price of $150.93. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.25. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter last year, the firm earned $2.97 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities analysts expect that Leidos Holdings, Inc. will post 12.3 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. Leidos’s dividend payout ratio (DPR) is presently 15.75%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by corporate insiders.

About Leidos

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.