Pictet Asset Management Holding SA Sells 11,544 Shares of Leidos Holdings, Inc. $LDOS

Pictet Asset Management Holding SA reduced its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the aerospace company’s stock after selling 11,544 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Leidos were worth $7,092,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LDOS. Longview Financial Advisors Inc. acquired a new stake in Leidos in the 1st quarter worth $26,000. JFS Wealth Advisors LLC increased its holdings in shares of Leidos by 77.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 66 shares during the period. Hantz Financial Services Inc. raised its position in shares of Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Leidos during the fourth quarter valued at about $28,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Leidos by 110.5% in the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after buying an additional 84 shares during the period. 76.12% of the stock is owned by institutional investors.

Insider Transactions at Leidos

In other news, insider Elizabeth A. Porter sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total transaction of $317,560.00. Following the transaction, the insider directly owned 49,476 shares in the company, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director owned 10,137 shares in the company, valued at $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Leidos Stock Performance

NYSE:LDOS opened at $108.58 on Friday. The stock has a market capitalization of $13.66 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.60 and a beta of 0.54. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The firm has a 50 day moving average of $122.85 and a 200-day moving average of $157.63.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 12.26 EPS for the current fiscal year.

Leidos Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. BNP Paribas Exane initiated coverage on Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 target price on the stock. Weiss Ratings cut Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Jefferies Financial Group reduced their price objective on Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday. Wall Street Zen raised Leidos from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada lowered their price objective on Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $172.08.

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.