New York Life Investment Management LLC Reduces Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

New York Life Investment Management LLC decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,617 shares of the aerospace company’s stock after selling 118 shares during the period. New York Life Investment Management LLC’s holdings in Leidos were worth $2,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in Leidos by 320.1% during the 3rd quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock worth $114,902,000 after purchasing an additional 949,955 shares during the period. FMR LLC increased its position in Leidos by 36.1% during the 3rd quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock valued at $166,687,000 after purchasing an additional 479,906 shares during the period. Wellington Management Group LLP raised its holdings in shares of Leidos by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after purchasing an additional 272,090 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Leidos in the 4th quarter worth approximately $18,976,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Leidos by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company’s stock valued at $280,554,000 after purchasing an additional 169,351 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Argus upped their target price on Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company raised their price objective on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Bank of America raised their price target on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Jefferies Financial Group raised their target price 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. Finally, Stifel Nicolaus upped their price target on Leidos from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Two equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.67.

Leidos Trading Up 0.7 %

Shares of NYSE:LDOS opened at $142.62 on Tuesday. The business has a 50-day moving average price of $129.45 and a 200-day moving average price of $115.88. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of 61.47, a PEG ratio of 1.82 and a beta of 0.66. Leidos Holdings, Inc. has a 52-week low of $76.58 and a 52-week high of $143.35. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. Leidos’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. Equities analysts predict that Leidos Holdings, Inc. will post 8.36 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

About Leidos

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.