Nomura Asset Management Co. Ltd. Has $3.84 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Nomura Asset Management Co. Ltd. lowered its stake in Leidos Holdings, Inc. (NYSE:LDOSFree Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,437 shares of the aerospace company’s stock after selling 1,155 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Leidos were worth $3,836,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LDOS. Victory Capital Management Inc. boosted its position in shares of Leidos by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock worth $532,937,000 after acquiring an additional 39,174 shares in the last quarter. Wellington Management Group LLP grew its holdings in Leidos by 6.2% in the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock worth $429,501,000 after purchasing an additional 272,090 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Leidos by 5.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company’s stock worth $280,554,000 after purchasing an additional 169,351 shares during the period. Norges Bank acquired a new stake in Leidos in the fourth quarter worth $202,191,000. Finally, Dimensional Fund Advisors LP grew its holdings in Leidos by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock worth $199,344,000 after purchasing an additional 45,079 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LDOS shares. Jefferies Financial Group lifted their price objective on shares of Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Argus raised their price target 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. Wells Fargo & Company raised their price target on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Barclays raised their price target on shares of Leidos from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, Royal Bank of Canada raised their price target on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.67.

Read Our Latest Research Report on LDOS

Insider Activity at Leidos

In related news, Director David G. Fubini sold 7,874 shares of the business’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 transaction of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director David G. Fubini sold 7,874 shares of the stock in a transaction 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 transaction, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Roy E. Stevens sold 875 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now directly owns 44,149 shares in the company, valued at approximately $6,651,929.83. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Performance

NYSE LDOS opened at $145.27 on Friday. The company’s 50 day moving average is $136.53 and its 200-day moving average is $121.87. Leidos Holdings, Inc. has a 12-month low of $77.91 and a 12-month high of $151.32. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The firm has a market cap of $19.64 billion, a P/E ratio of 62.62, a price-to-earnings-growth ratio of 1.53 and a beta of 0.66.

Leidos (NYSE:LDOSGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Leidos Holdings, Inc. will post 8.59 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.05%. Leidos’s dividend payout ratio is currently 65.52%.

About Leidos

(Free Report)

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.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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