4,993 Shares in Leidos Holdings, Inc. $LDOS Bought by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,993 shares of the aerospace company’s stock, valued at approximately $514,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Leidos during the second quarter worth about $41,000. Global Retirement Partners LLC bought a new position in shares of Leidos in the second quarter worth about $323,000. Bank of New York Mellon Corp acquired a new stake in shares of Leidos in the 2nd quarter valued at approximately $67,047,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Leidos in the 2nd quarter valued at approximately $372,000. Finally, State of Wyoming bought a new stake in shares of Leidos during the 2nd quarter valued at approximately $147,000. Institutional investors own 76.12% of the company’s stock.

Insider Activity

In related news, Director Noel B. Geer sold 10,000 shares of Leidos stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LDOS shares. TD Cowen increased their price objective on shares of Leidos from $115.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Robert W. Baird set a $150.00 price target on shares of Leidos in a report on Wednesday, August 5th. Citigroup raised their price objective on Leidos from $138.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reduced their price objective on Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Finally, Truist Financial decreased their price target on shares of Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $162.93.

Leidos Stock Performance

Shares of Leidos stock opened at $142.17 on Tuesday. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.09 and a beta of 0.52. The business has a 50-day simple moving average of $115.42 and a 200 day simple moving average of $142.11. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60.

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

Leidos declared that its board has authorized a stock buyback program on Friday, July 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Leidos Announces Dividend

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

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.