Leidos Holdings, Inc. $LDOS Stake Cut by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,982 shares of the aerospace company’s stock after selling 2,903 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Leidos were worth $10,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Leidos in the 2nd quarter worth about $261,501,000. Alliancebernstein L.P. raised its stake in Leidos by 64.4% during the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after acquiring an additional 598,974 shares during the period. AQR Capital Management LLC lifted its holdings in Leidos by 21.2% in the second quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock worth $223,731,000 after acquiring an additional 250,555 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in Leidos by 1,427.1% in the third quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock valued at $49,054,000 after acquiring an additional 242,600 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Leidos by 753.0% during the second quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock valued at $34,067,000 after purchasing an additional 190,625 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Trading Down 1.2%

NYSE:LDOS opened at $191.07 on Friday. The stock has a market cap of $24.43 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.35 and a beta of 0.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $205.77. The business has a fifty day moving average of $188.95 and a 200-day moving average of $183.69.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.44. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations 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. Equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.43 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is currently 16.04%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LDOS. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Citigroup boosted their price target on shares of Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 price target on shares of Leidos in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price objective on shares of Leidos in a research report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.09.

Insider Activity

In other news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the completion of the transaction, the insider directly owned 38,575 shares in the company, valued at $7,414,500.75. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by company insiders.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.