State of Wisconsin Investment Board Increases Position in Leidos Holdings Inc. (LDOS)
State of Wisconsin Investment Board boosted its stake in shares of Leidos Holdings Inc. (NYSE:LDOS) by 98.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,453 shares of the company’s stock after buying an additional 41,800 shares during the period. State of Wisconsin Investment Board owned 0.12% of Leidos Holdings worth $3,655,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. PineBridge Investments L.P. bought a new position in Leidos Holdings during the second quarter valued at about $105,000. Advisor Group Inc. bought a new position in Leidos Holdings during the second quarter valued at about $125,000. Catalyst Capital Advisors LLC bought a new position in Leidos Holdings during the second quarter valued at about $134,000. Fuller & Thaler Asset Management Inc. raised its position in Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock valued at $150,000 after buying an additional 1,100 shares during the period. Finally, LS Investment Advisors LLC raised its position in Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $187,000 after buying an additional 1,624 shares during the period. Hedge funds and other institutional investors own 74.47% of the company’s stock.
Shares of Leidos Holdings Inc. (NYSE:LDOS) traded up 2.01% on Tuesday, reaching $51.26. The company’s stock had a trading volume of 1,669,277 shares. Leidos Holdings Inc. has a 1-year low of $37.79 and a 1-year high of $59.52. The stock has a 50-day moving average price of $44.32 and a 200-day moving average price of $45.77. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 13.32 and a beta of 1.55.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.29. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.90 billion. Leidos Holdings had a return on equity of 18.93% and a net margin of 5.36%. Leidos Holdings’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, equities research analysts forecast that Leidos Holdings Inc. will post $3.56 EPS for the current year.
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Several brokerages have weighed in on LDOS. Argus began coverage on Leidos Holdings in a report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 price target for the company. Citigroup Inc. started coverage on Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 target price for the company. Zacks Investment Research raised Leidos Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG raised Leidos Holdings from a “neutral” rating to an “outperform” rating and set a $57.00 target price for the company in a report on Monday, November 21st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Leidos Holdings in a report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Leidos Holdings has a consensus rating of “Buy” and a consensus target price of $49.50.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,276 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average price of $46.27 per share, for a total transaction of $151,580.52. Following the acquisition, the director now owns 9,419 shares in the company, valued at approximately $435,817.13. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Surya N. Mohapatra acquired 3,575 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was acquired at an average price of $41.48 per share, for a total transaction of $148,291.00. Following the acquisition, the director now owns 6,143 shares in the company, valued at approximately $254,811.64. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.
About Leidos Holdings
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.
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