LSV Asset Management Purchases Shares of 124,800 Leidos Holdings, Inc. $LDOS

LSV Asset Management purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 124,800 shares of the aerospace company’s stock, valued at approximately $23,582,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Focus Partners Wealth boosted its holdings in Leidos by 46.5% in the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock valued at $415,000 after purchasing an additional 976 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Leidos by 9.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,679 shares of the aerospace company’s stock worth $265,000 after buying an additional 146 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Leidos by 17.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,177 shares of the aerospace company’s stock valued at $2,238,000 after buying an additional 2,145 shares in the last quarter. CWM LLC grew its position in shares of Leidos by 86.1% in the 2nd quarter. CWM LLC now owns 11,928 shares of the aerospace company’s stock valued at $1,882,000 after buying an additional 5,517 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Leidos by 81.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,714 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 1,218 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Performance

NYSE:LDOS opened at $175.90 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $22.49 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The firm has a 50-day moving average price of $188.17 and a two-hundred day moving average price of $186.19. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $205.77.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LDOS. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Cantor Fitzgerald increased their target price on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price target on shares of Leidos in a report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and set a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Finally, Zacks Research downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.09.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of Leidos 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 transaction, the insider directly owned 38,575 shares in the company, valued at $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 available at this hyperlink. 0.96% of the stock is currently owned by company insiders.

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.