Dynamic Advisor Solutions LLC Cuts Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Dynamic Advisor Solutions LLC cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 71.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,195 shares of the aerospace company’s stock after selling 7,967 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Leidos were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LDOS. Verdence Capital Advisors LLC raised its stake in shares of Leidos by 4.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company’s stock valued at $242,000 after acquiring an additional 77 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Leidos by 20.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 77 shares during the period. Parallel Advisors LLC increased its holdings in Leidos by 9.1% during the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company’s stock worth $131,000 after purchasing an additional 81 shares during the period. Global Financial Private Client LLC raised its position in Leidos by 1.4% in the 1st quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company’s stock valued at $956,000 after purchasing an additional 100 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its stake in shares of Leidos by 6.7% in the 4th quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company’s stock valued at $244,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LDOS. Truist Financial cut their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on shares of Leidos from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, UBS Group increased their target price on Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.46.

Leidos Trading Down 0.7%

NYSE:LDOS opened at $148.29 on Thursday. The company has a market capitalization of $19.09 billion, a PE ratio of 14.92, a P/E/G ratio of 1.82 and a beta of 0.63. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $202.90. The stock’s 50 day moving average price is $148.57 and its 200 day moving average price is $144.56. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. Leidos’s payout ratio is 16.10%.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the transaction, the director now owns 20,195 shares of the company’s stock, valued at approximately $3,121,137.25. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Leidos Company 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.