Paralel Advisors LLC Sells 4,971 Shares of Leidos Holdings, Inc. $LDOS

Paralel Advisors LLC lessened its position in Leidos Holdings, Inc. (NYSE:LDOS) by 25.1% during the 2nd quarter, Holdings Channel reports. The firm owned 14,853 shares of the aerospace company’s stock after selling 4,971 shares during the quarter. Paralel Advisors LLC’s holdings in Leidos were worth $1,529,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bryn Mawr Trust Advisors LLC increased its position in shares of Leidos by 4.8% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock worth $241,000 after purchasing an additional 61 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Leidos by 19.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock valued at $69,000 after purchasing an additional 62 shares during the last quarter. Glenmede Investment Management LP boosted its position in Leidos by 3.2% in the third quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock valued at $423,000 after buying an additional 69 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in Leidos by 0.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock valued at $1,377,000 after buying an additional 70 shares in the last quarter. Finally, 44 Wealth Management LLC grew its stake in Leidos by 1.3% during the fourth quarter. 44 Wealth Management LLC now owns 5,570 shares of the aerospace company’s stock worth $1,005,000 after buying an additional 70 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LDOS. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a report on Thursday, July 16th. Citigroup boosted their target price on Leidos from $138.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group decreased their price target on Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 price target on shares of Leidos in a report on Sunday, August 9th. Finally, Weiss Ratings downgraded Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $162.93.

Insider Buying and Selling at Leidos

In other news, Director Gary May sold 1,000 shares of Leidos stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $140.85, for a total value of $140,850.00. Following the completion of the sale, the director directly owned 10,204 shares of the company’s stock, valued at approximately $1,437,233.40. This trade represents a 8.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel B. Geer sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the sale, the director owned 34,274 shares of the company’s stock, valued at approximately $4,820,980.84. The trade was a 22.59% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by corporate insiders.

Leidos Trading Up 0.1%

LDOS opened at $133.19 on Monday. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77. The stock has a market capitalization of $16.71 billion, a PE ratio of 12.42, a PEG ratio of 1.48 and a beta of 0.56. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $123.14 and a two-hundred day moving average price of $137.53.

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

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 15th. Leidos’s payout ratio is 16.04%.

Leidos announced that its Board of Directors has approved a share buyback program on Friday, July 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.