Caprock Group LLC Buys Shares of 21,654 Leidos Holdings, Inc. $LDOS

Caprock Group LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,654 shares of the aerospace company’s stock, valued at approximately $3,918,000.

A number of other institutional investors have also recently made changes to their positions in LDOS. Allianz Asset Management GmbH raised its stake in shares of Leidos by 20.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 339,972 shares of the aerospace company’s stock valued at $64,241,000 after buying an additional 56,905 shares during the last quarter. Synergy Asset Management LLC grew its holdings in Leidos by 100.0% during the third quarter. Synergy Asset Management LLC now owns 233,470 shares of the aerospace company’s stock worth $44,116,000 after acquiring an additional 116,735 shares during the period. Bank of Nova Scotia raised its position in Leidos by 1,353.1% during the second quarter. Bank of Nova Scotia now owns 165,003 shares of the aerospace company’s stock valued at $26,031,000 after acquiring an additional 153,648 shares in the last quarter. LBP AM SA lifted its holdings in Leidos by 43.8% in the third quarter. LBP AM SA now owns 63,211 shares of the aerospace company’s stock valued at $11,944,000 after acquiring an additional 19,268 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in Leidos in the 2nd quarter worth approximately $1,026,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Activity

In related news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the completion of the sale, the insider owned 38,575 shares of the company’s stock, valued at approximately $7,414,500.75. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

LDOS has been the subject of a number of analyst reports. Truist Financial reiterated a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Cantor Fitzgerald upped their price target on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wall Street Zen upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. UBS Group set a $204.00 price objective on Leidos in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $213.09.

Leidos Stock Performance

NYSE:LDOS opened at $173.06 on Thursday. The company has a market cap of $22.13 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.36 and a beta of 0.59. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $205.77. The company’s 50-day moving average price is $188.80 and its 200-day moving average price is $186.19. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.