Atria Wealth Solutions Inc. Sells 1,806 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Atria Wealth Solutions Inc. lowered its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,532 shares of the aerospace company’s stock after selling 1,806 shares during the period. Atria Wealth Solutions Inc.’s holdings in Leidos were worth $612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in Leidos by 9.1% in the 1st quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company’s stock valued at $131,000 after purchasing an additional 81 shares during the period. Resolute Wealth Strategies LLC boosted its holdings in Leidos by 1.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 5,134 shares of the aerospace company’s stock valued at $693,000 after purchasing an additional 97 shares during the period. Global Financial Private Client LLC boosted its holdings 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 during the period. Exchange Traded Concepts LLC boosted its holdings in Leidos by 9.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,273 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 107 shares during the period. Finally, Syon Capital LLC boosted its holdings in Leidos by 7.8% in the 4th quarter. Syon Capital LLC now owns 1,487 shares of the aerospace company’s stock valued at $214,000 after purchasing an additional 108 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LDOS shares. UBS Group boosted their price objective on shares of Leidos from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wells Fargo & Company boosted their price objective on shares of Leidos from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Citigroup reaffirmed a “buy” rating and set a $190.00 price target (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Finally, Royal Bank Of Canada upped their price target on shares of Leidos from $150.00 to $160.00 and gave the stock a “sector perform” 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.46.

Insider Transactions at Leidos

In related news, Director Gregory R. Dahlberg sold 952 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the transaction, the director directly owned 21,068 shares of the company’s stock, valued at approximately $3,738,095.24. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Edward Hull sold 7,526 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $176.39, for a total transaction of $1,327,511.14. Following the transaction, the insider directly owned 26,481 shares of the company’s stock, valued at $4,670,983.59. The trade was a 22.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,478 shares of company stock valued at $1,852,525 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Leidos Stock Up 2.3%

Shares of Leidos stock opened at $182.10 on Thursday. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.65. The company’s 50 day moving average is $159.74 and its 200 day moving average is $147.66. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $202.90. The company has a quick ratio of 1.50, a current ratio of 1.62 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.58. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $2.63 earnings per share. Research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Leidos’s dividend payout ratio is 15.12%.

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.