California Public Employees Retirement System Lowers Holdings in Leidos Holdings, Inc. $LDOS

California Public Employees Retirement System trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,509 shares of the aerospace company’s stock after selling 9,816 shares during the quarter. California Public Employees Retirement System owned approximately 0.30% of Leidos worth $58,244,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Longview Financial Advisors Inc. bought a new position in shares of Leidos during the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC grew its position in shares of Leidos by 77.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Leidos in the 4th quarter worth approximately $28,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Leidos by 110.5% during the 4th quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Argus upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, March 31st. TD Cowen lowered their price objective on Leidos from $160.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Truist Financial dropped their target price on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a report on Friday, July 10th. Stifel Nicolaus cut their price objective on shares of Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup reduced their target price on shares of Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $163.80.

Leidos Price Performance

Shares of LDOS stock opened at $106.51 on Monday. The company has a market capitalization of $13.40 billion, a P/E ratio of 9.75, a P/E/G ratio of 1.56 and a beta of 0.54. The company’s 50-day simple moving average is $116.09 and its two-hundred day simple moving average is $152.00. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the business earned $2.97 earnings per share. Leidos’s quarterly revenue was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities analysts anticipate that Leidos Holdings, Inc. will post 12.3 EPS for the current year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. Leidos’s dividend payout ratio (DPR) is currently 15.75%.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,484 shares of Leidos stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by insiders.

Leidos Company 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.