Vident Investment Advisory LLC Increases Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)
Vident Investment Advisory LLC increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,361 shares of the aerospace company’s stock after acquiring an additional 2,635 shares during the period. Vident Investment Advisory LLC’s holdings in Leidos were worth $2,245,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new position in Leidos in the 4th quarter worth approximately $27,000. Cowa LLC bought a new position in shares of Leidos during the 4th quarter valued at $39,000. Column Capital Advisors LLC lifted its holdings in shares of Leidos by 141.0% during the 3rd quarter. Column Capital Advisors LLC now owns 482 shares of the aerospace company’s stock valued at $43,000 after buying an additional 282 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Leidos by 79.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 556 shares of the aerospace company’s stock valued at $50,000 after buying an additional 246 shares during the period. Finally, Hoover Financial Advisors Inc. bought a new position in shares of Leidos during the 4th quarter valued at $60,000. Institutional investors own 74.18% of the company’s stock.
NYSE:LDOS opened at $103.80 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.52 and a beta of 1.05. Leidos Holdings, Inc. has a one year low of $68.00 and a one year high of $115.36. The business has a fifty day moving average price of $106.90 and a 200-day moving average price of $97.43.
Separately, Credit Suisse Group increased their price target on Leidos from $120.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $116.75.
Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.
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