Rhumbline Advisers lowered its position in Leidos Holdings, Inc. (NYSE:LDOS) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,146 shares of the aerospace company’s stock after selling 12,352 shares during the period. Rhumbline Advisers owned about 0.17% of Leidos Holdings worth $13,137,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LDOS. Teacher Retirement System of Texas raised its stake in shares of Leidos Holdings by 809.2% in the second quarter. Teacher Retirement System of Texas now owns 97,461 shares of the aerospace company’s stock worth $5,038,000 after buying an additional 86,741 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Leidos Holdings by 168.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 12,934 shares of the aerospace company’s stock worth $699,000 after buying an additional 8,115 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Leidos Holdings by 1.9% in the second quarter. Arizona State Retirement System now owns 60,500 shares of the aerospace company’s stock worth $3,127,000 after buying an additional 1,100 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Leidos Holdings during the second quarter worth $967,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Leidos Holdings by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 460,871 shares of the aerospace company’s stock worth $23,823,000 after buying an additional 22,717 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

Shares of Leidos Holdings, Inc. (LDOS) opened at 55.34 on Monday. The firm has a market cap of $8.37 billion, a P/E ratio of 24.79 and a beta of 1.73. The company’s 50 day moving average price is $54.11 and its 200-day moving average price is $53.15. Leidos Holdings, Inc. has a 12-month low of $38.75 and a 12-month high of $57.76.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post $3.55 EPS for the current year.

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A number of brokerages have recently weighed in on LDOS. Jefferies Group LLC restated a “hold” rating and set a $52.00 price target on shares of Leidos Holdings in a research note on Friday. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Leidos Holdings presently has a consensus rating of “Buy” and a consensus price target of $59.30.

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.

Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

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