Quartz Partners LLC Acquires 4,620 Shares of Leidos Holdings, Inc. $LDOS

Quartz Partners LLC raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,647 shares of the aerospace company’s stock after acquiring an additional 4,620 shares during the quarter. Quartz Partners LLC’s holdings in Leidos were worth $3,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Longview Financial Advisors Inc. bought a new stake in Leidos in the first quarter worth $26,000. Hantz Financial Services Inc. lifted its position in shares of Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after buying an additional 72 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Leidos in the fourth quarter worth about $28,000. Kelleher Financial Advisors bought a new stake in shares of Leidos during the 2nd quarter worth about $28,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Leidos by 110.5% during the 4th quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Noel B. Geer sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the transaction, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 target price on shares of Leidos in a research report on Sunday, August 9th. TD Cowen lifted their price target on shares of Leidos from $115.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $162.93.

Leidos Price Performance

Shares of NYSE:LDOS opened at $146.34 on Thursday. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 2.09 and a beta of 0.52. The business has a 50 day moving average price of $116.32 and a 200 day moving average price of $141.52. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $3.21 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Research analysts predict that Leidos Holdings, Inc. will post 12.38 earnings per share for the current year.

Leidos announced that its board has authorized a stock buyback plan on Friday, July 31st that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. Leidos’s payout ratio is 16.04%.

Leidos Company 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.