Short Interest in Leidos Holdings Inc. (LDOS) Declines By 32.9%
Leidos Holdings Inc. (NYSE:LDOS) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 5,156,932 shares, a decrease of 32.9% from the August 31st total of 7,683,700 shares. Based on an average daily volume of 2,370,584 shares, the short-interest ratio is presently 2.2 days. Currently, 3.6% of the company’s stock are sold short.
Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Credit Suisse Group AG increased their target price on shares of Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Zacks Investment Research raised shares of Leidos Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Finally, Argus assumed coverage on shares of Leidos Holdings in a research report on Wednesday, September 7th. They set a “buy” rating and a $54.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Leidos Holdings currently has a consensus rating of “Buy” and a consensus target price of $50.71.
In other Leidos Holdings news, Director Surya N. Mohapatra purchased 3,575 shares of the stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average price of $41.48 per share, with a total value of $148,291.00. Following the transaction, the director now owns 6,143 shares of the company’s stock, valued at $254,811.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. bought a new stake in shares of Leidos Holdings during the second quarter worth $105,000. Advisor Group Inc. bought a new stake in shares of Leidos Holdings during the second quarter worth $125,000. Catalyst Capital Advisors LLC bought a new stake in shares of Leidos Holdings during the second quarter worth $134,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $187,000 after buying an additional 1,624 shares during the period. 61.04% of the stock is owned by institutional investors and hedge funds.
Leidos Holdings (NYSE:LDOS) opened at 42.17 on Thursday. The stock has a market cap of $3.07 billion, a PE ratio of 11.08 and a beta of 1.38. The firm has a 50 day moving average of $41.53 and a 200-day moving average of $47.44. Leidos Holdings has a 12-month low of $37.79 and a 12-month high of $59.52.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The business earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts expect that Leidos Holdings will post $3.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. Leidos Holdings’s dividend payout ratio (DPR) is currently 35.56%.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
Receive News & Stock Ratings for Leidos Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leidos Holdings Inc. and related stocks with our FREE daily email newsletter.