Sequoia Financial Advisors LLC Invests $219,000 in Leidos Holdings, Inc. (NYSE:LDOS)

Sequoia Financial Advisors LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,021 shares of the aerospace company’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Leidos in the fourth quarter valued at approximately $18,976,000. Raymond James & Associates raised its holdings in Leidos by 18.6% in the 4th quarter. Raymond James & Associates now owns 245,665 shares of the aerospace company’s stock valued at $26,591,000 after acquiring an additional 38,496 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Leidos by 7.8% during the 3rd quarter. Northern Trust Corp now owns 1,143,664 shares of the aerospace company’s stock worth $105,400,000 after purchasing an additional 82,447 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Leidos by 134.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 14,114 shares of the aerospace company’s stock worth $1,301,000 after purchasing an additional 8,106 shares during the last quarter. Finally, Creative Planning grew its position in shares of Leidos by 15.6% in the third quarter. Creative Planning now owns 95,319 shares of the aerospace company’s stock valued at $8,785,000 after purchasing an additional 12,839 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LDOS. Wells Fargo & Company increased their target price on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Bank of America increased their price objective on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Argus boosted their target price on shares of Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Truist Financial increased their price target on shares of Leidos from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.42.

Leidos Stock Performance

Shares of LDOS stock opened at $124.91 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The company has a market cap of $16.88 billion, a PE ratio of 87.97, a P/E/G ratio of 1.71 and a beta of 0.70. The company’s fifty day simple moving average is $126.78 and its 200-day simple moving average is $112.55. Leidos Holdings, Inc. has a 52 week low of $76.58 and a 52 week high of $131.50.

Leidos (NYSE:LDOS) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 EPS. As a group, equities research analysts anticipate that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Announces Dividend

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

Insiders Place Their Bets

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

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.