Verition Fund Management LLC Sells 13,598 Shares of Leidos Holdings, Inc. (LDOS)
Verition Fund Management LLC lowered its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 64.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,563 shares of the aerospace company’s stock after selling 13,598 shares during the quarter. Verition Fund Management LLC’s holdings in Leidos Holdings were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Leidos Holdings by 11.3% in the second quarter. BlackRock Inc. now owns 12,650,322 shares of the aerospace company’s stock worth $653,894,000 after buying an additional 1,280,482 shares during the period. Vanguard Group Inc. raised its stake in shares of Leidos Holdings by 2.0% in the second quarter. Vanguard Group Inc. now owns 12,638,104 shares of the aerospace company’s stock worth $653,263,000 after buying an additional 250,211 shares during the period. FMR LLC raised its stake in shares of Leidos Holdings by 58.4% in the second quarter. FMR LLC now owns 7,484,518 shares of the aerospace company’s stock worth $386,874,000 after buying an additional 2,758,658 shares during the period. State Street Corp raised its stake in shares of Leidos Holdings by 20.5% in the second quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock worth $235,717,000 after buying an additional 776,462 shares during the period. Finally, FIL Ltd raised its stake in shares of Leidos Holdings by 2.0% in the second quarter. FIL Ltd now owns 4,169,918 shares of the aerospace company’s stock worth $215,543,000 after buying an additional 83,105 shares during the period. 74.55% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on LDOS shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Leidos Holdings in a research note on Thursday, October 5th. Argus raised their price objective on Leidos Holdings from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. BidaskClub downgraded Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. Cowen and Company reaffirmed an “outperform” rating and issued a $66.00 price objective (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Finally, TheStreet downgraded Leidos Holdings from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Leidos Holdings currently has an average rating of “Buy” and a consensus price target of $64.56.
Shares of Leidos Holdings, Inc. (NYSE LDOS) opened at 62.18 on Friday. The company’s 50 day moving average price is $59.54 and its 200 day moving average price is $55.26. Leidos Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $63.08. The stock has a market cap of $9.40 billion, a PE ratio of 27.86 and a beta of 1.72.
Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. Leidos Holdings’s quarterly revenue was up 99.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. On average, analysts anticipate that Leidos Holdings, Inc. will post $3.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a $0.32 dividend. The ex-dividend date was Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.06%. Leidos Holdings’s payout ratio is 55.65%.
In related news, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the transaction, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, with a total value of $110,640.00. Following the acquisition, the vice president now directly owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
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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.
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