Illinois Municipal Retirement Fund Has $3.99 Million Stock Holdings in Leidos Holdings, Inc. $LDOS

Illinois Municipal Retirement Fund increased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 18.1% during the third quarter, HoldingsChannel.com reports. The firm owned 21,090 shares of the aerospace company’s stock after buying an additional 3,234 shares during the period. Illinois Municipal Retirement Fund’s holdings in Leidos were worth $3,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Leidos in the 2nd quarter worth approximately $261,501,000. Alliancebernstein L.P. raised its holdings in shares of Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after buying an additional 598,974 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of 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. raised its position in Leidos by 1,427.1% in the 3rd quarter. Hennessy Advisors Inc. now owns 259,600 shares of the aerospace company’s stock worth $49,054,000 after purchasing an additional 242,600 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake 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 acquiring an additional 190,625 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction dated 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 owned 38,575 shares of the company’s stock, valued at $7,414,500.75. This trade represents a 7.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.96% of the company’s stock.

Leidos Trading Up 2.6%

NYSE LDOS opened at $175.90 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month 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. The stock has a 50 day moving average of $188.17 and a 200-day moving average of $186.36. The company has a market cap of $22.49 billion, a PE ratio of 16.41, a PEG ratio of 1.23 and a beta of 0.59.

Wall Street Analyst Weigh In

LDOS has been the topic of several analyst reports. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Bank of America lifted their price objective on Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Truist Financial reiterated a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Leidos in a report on Tuesday, November 4th. UBS Group set a $204.00 price objective on shares of Leidos in a report on Thursday, January 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price target on shares of Leidos in a research note on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.