Pacer Advisors Inc. Cuts Position in Leidos Holdings, Inc. $LDOS

Pacer Advisors Inc. decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 434,918 shares of the aerospace company’s stock after selling 69,681 shares during the quarter. Pacer Advisors Inc.’s holdings in Leidos were worth $78,459,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LDOS. JFS Wealth Advisors LLC grew its holdings in shares of Leidos by 77.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Leidos by 94.7% during the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Leidos during the fourth quarter valued at $28,000. Rakuten Securities Inc. lifted its position in Leidos by 110.5% during the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 84 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in Leidos during the third quarter valued at $31,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Leidos news, insider Elizabeth A. Porter sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the sale, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Citigroup downgraded shares of Leidos from a “buy” rating to a “neutral” rating in a report on Wednesday. Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Bank of America reissued a “neutral” rating and set a $125.00 price objective (down from $200.00) on shares of Leidos in a research note on Wednesday. Finally, Truist Financial decreased their price objective on Leidos from $220.00 to $195.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $177.92.

Leidos Price Performance

Leidos stock opened at $107.16 on Friday. The firm has a 50-day moving average price of $134.14 and a 200-day moving average price of $163.92. The firm has a market capitalization of $13.48 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 1.38 and a beta of 0.50. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 12-month low of $106.08 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 12.25 EPS for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Leidos’s payout ratio is currently 15.75%.

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.