Nisa Investment Advisors LLC Reduces Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Nisa Investment Advisors LLC lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,851 shares of the aerospace company’s stock after selling 999 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Leidos were worth $742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. KB Financial Partners LLC purchased a new position in shares of Leidos during the 1st quarter worth $25,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Leidos during the 4th quarter worth $28,000. Money Concepts Capital Corp boosted its stake in shares of Leidos by 548.8% during the 4th quarter. Money Concepts Capital Corp now owns 266 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 225 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Leidos during the 1st quarter valued at $27,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Leidos during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on LDOS. StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Argus raised their price objective on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Jefferies Financial Group raised their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Finally, Barclays upgraded shares of Leidos from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.42.

Insider Activity

In other news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Stock Down 0.2 %

Shares of LDOS stock opened at $124.63 on Wednesday. The stock has a market cap of $16.84 billion, a P/E ratio of 87.77, a PEG ratio of 1.74 and a beta of 0.70. Leidos Holdings, Inc. has a 52 week low of $76.58 and a 52 week high of $131.50. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The company’s fifty day simple moving average is $126.11 and its two-hundred day simple moving average is $112.03.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. Analysts predict that Leidos Holdings, Inc. will post 7.76 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio is 107.04%.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.