Massachusetts Financial Services Co. MA Has $344.25 Million Stock Position in Leidos Holdings, Inc. $LDOS

Massachusetts Financial Services Co. MA lessened its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 6.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,182,140 shares of the aerospace company’s stock after selling 154,082 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.70% of Leidos worth $344,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LDOS. Kendall Capital Management raised its position in shares of Leidos by 93.7% in the 2nd quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock worth $674,000 after acquiring an additional 2,065 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Leidos by 145.6% during the second quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock worth $1,262,000 after purchasing an additional 4,742 shares during the period. McAdam LLC bought a new stake in Leidos in the second quarter worth approximately $286,000. Amundi lifted its stake in Leidos by 19.1% in the first quarter. Amundi now owns 88,927 shares of the aerospace company’s stock valued at $12,404,000 after buying an additional 14,246 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Leidos by 26.2% in the first quarter. Geneos Wealth Management Inc. now owns 10,229 shares of the aerospace company’s stock valued at $1,380,000 after buying an additional 2,126 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 0.1%

Leidos stock opened at $191.09 on Friday. The firm has a market capitalization of $24.43 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69. The firm’s fifty day moving average price is $189.41 and its two-hundred day moving average price is $171.20. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.11% and a return on equity of 33.02%. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. On average, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.43 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, December 15th. Leidos’s dividend payout ratio is 14.93%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Bank of America lifted their price target on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. UBS Group increased their price objective on shares of Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Argus raised their target price on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.23.

Insider Activity

In related news, insider Stephen Edward Hull sold 12,497 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total transaction of $2,226,215.58. Following the completion of the sale, the insider owned 25,817 shares in the company, valued at approximately $4,599,040.38. This represents a 32.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by insiders.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.