Envestnet Asset Management Inc. Sells 50,765 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Envestnet Asset Management Inc. cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,287 shares of the aerospace company’s stock after selling 50,765 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Leidos worth $29,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $25,000. REAP Financial Group LLC boosted its position in Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock valued at $27,000 after buying an additional 152 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Leidos during the 1st quarter worth approximately $55,000. Wayfinding Financial LLC acquired a new stake in Leidos during the 1st quarter valued at $63,000. Finally, Intact Investment Management Inc. acquired a new position in Leidos during the 1st quarter worth about $67,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Up 1.1%

Leidos stock opened at $163.78 on Tuesday. The company’s 50-day moving average price is $154.01 and its two-hundred day moving average price is $145.12. The company has a quick ratio of 1.42, a current ratio of 1.54 and a debt-to-equity ratio of 1.17. The stock has a market cap of $21.08 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.96 and a beta of 0.64. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90.

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, topping the consensus estimate of $2.47 by $0.50. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the business earned $2.29 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Monday, June 16th. Leidos’s dividend payout ratio (DPR) is presently 16.10%.

Analysts Set New Price Targets

A number of brokerages have commented on LDOS. Royal Bank Of Canada increased their price objective on Leidos from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. UBS Group boosted their price target on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Wall Street Zen raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th. Stifel Nicolaus set a $178.00 price target on Leidos and gave the company a “buy” rating in a report on Tuesday, June 24th. Finally, Robert W. Baird downgraded Leidos from an “outperform” rating to a “neutral” rating and set a $163.00 price target for the company. in a research report on Tuesday, May 27th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.15.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director directly owned 20,195 shares in the company, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

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.