Running Oak Capital LLC Has $18.93 Million Holdings in Leidos Holdings, Inc. $LDOS

Running Oak Capital LLC cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,194 shares of the aerospace company’s stock after selling 11,850 shares during the quarter. Leidos accounts for about 2.1% of Running Oak Capital LLC’s portfolio, making the stock its 5th largest position. Running Oak Capital LLC owned about 0.08% of Leidos worth $18,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LDOS. Harbor Capital Advisors Inc. increased its holdings in shares of Leidos by 2.7% during the third quarter. Harbor Capital Advisors Inc. now owns 2,203 shares of the aerospace company’s stock worth $416,000 after buying an additional 57 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Leidos by 2.0% during the 2nd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company’s stock worth $469,000 after buying an additional 59 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Leidos by 3.7% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company’s stock worth $259,000 after acquiring an additional 59 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in Leidos by 0.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 8,243 shares of the aerospace company’s stock valued at $1,558,000 after acquiring an additional 61 shares during the period. Finally, CX Institutional raised its position in Leidos by 4.3% during the 3rd quarter. CX Institutional now owns 1,503 shares of the aerospace company’s stock worth $284,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

NYSE LDOS opened at $188.04 on Tuesday. The company has a market cap of $24.04 billion, a P/E ratio of 17.54, a PEG ratio of 1.31 and a beta of 0.59. The company has a fifty day simple moving average of $188.96 and a 200 day simple moving average of $185.07. 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 Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last released 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 firm 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%. Sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Insider Transactions at Leidos

In other Leidos news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider directly owned 38,575 shares of the company’s stock, valued at approximately $7,414,500.75. The trade was a 7.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LDOS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Bank of America lifted their price objective on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 target price on shares of Leidos in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.09.

About Leidos

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.