JPMorgan Chase & Co. Sells 264,809 Shares of Leidos Holdings, Inc. $LDOS

JPMorgan Chase & Co. decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,153,001 shares of the aerospace company’s stock after selling 264,809 shares during the period. JPMorgan Chase & Co.’s holdings in Leidos were worth $568,801,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Leidos in the 4th quarter valued at $318,839,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Leidos in the 3rd quarter valued at approximately $242,464,000. Alliancebernstein L.P. lifted its position in shares of Leidos by 64.4% in the 2nd 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. M&T Bank Corp grew its holdings in shares of Leidos by 2,924.4% during the 4th quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock worth $73,095,000 after purchasing an additional 391,784 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Leidos by 663.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 355,824 shares of the aerospace company’s stock worth $64,191,000 after purchasing an additional 309,206 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Down 1.6%

Shares of LDOS opened at $121.57 on Thursday. The company has a market capitalization of $15.29 billion, a P/E ratio of 11.13, a PEG ratio of 1.57 and a beta of 0.50. Leidos Holdings, Inc. has a one year low of $121.20 and a one year high of $205.77. The business’s 50 day simple moving average is $139.30 and its 200-day simple moving average is $167.08. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.25. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 12.25 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Leidos’s payout ratio is currently 15.75%.

Analysts Set New Price Targets

LDOS has been the subject of a number of recent research reports. Weiss Ratings lowered Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Argus upgraded shares of Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Jefferies Financial Group cut shares of Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the company from $185.00 to $140.00 in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Robert W. Baird decreased their target price on shares of Leidos from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.50.

Insider Transactions at Leidos

In related news, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director owned 10,137 shares in the company, valued at $1,345,686.75. This represents a 12.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total transaction of $317,560.00. Following the sale, the insider directly owned 49,476 shares in the company, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.77% of the company’s stock.

Leidos 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.