Paloma Partners Management Co Invests $1.13 Million in Leidos Holdings, Inc. (NYSE:LDOS)

Paloma Partners Management Co purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOSGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,200 shares of the aerospace company’s stock, valued at approximately $1,128,000.

A number of other large investors have also recently bought and sold shares of LDOS. BlackRock Inc. boosted its holdings in shares of Leidos by 12.6% in the 1st quarter. BlackRock Inc. now owns 15,518,960 shares of the aerospace company’s stock worth $1,676,358,000 after acquiring an additional 1,735,496 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Leidos by 1.6% during the first quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock worth $1,629,768,000 after purchasing an additional 236,272 shares during the last quarter. Invesco Ltd. increased its stake in shares of Leidos by 4.8% in the first quarter. Invesco Ltd. now owns 1,731,965 shares of the aerospace company’s stock valued at $187,086,000 after buying an additional 79,899 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Leidos by 2.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,472,628 shares of the aerospace company’s stock valued at $148,307,000 after buying an additional 41,383 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Leidos by 21.7% during the 1st quarter. Bank of America Corp DE now owns 1,389,115 shares of the aerospace company’s stock worth $150,052,000 after buying an additional 247,472 shares in the last quarter. 76.23% of the stock is currently owned by institutional investors.

Leidos Trading Up 0.5 %

Shares of NYSE LDOS opened at $109.08 on Friday. Leidos Holdings, Inc. has a twelve month low of $81.07 and a twelve month high of $111.12. The stock has a market cap of $14.91 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.46 and a beta of 0.80. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average is $101.25 and its 200-day moving average is $99.71.

Leidos (NYSE:LDOSGet Rating) last posted its earnings results on Tuesday, November 1st. The aerospace company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. Leidos had a return on equity of 21.30% and a net margin of 4.81%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.54 billion. Equities research analysts predict that Leidos Holdings, Inc. will post 6.37 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, December 14th. Leidos’s payout ratio is currently 29.45%.

Insider Activity

In related news, CEO Roger A. Krone sold 13,364 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $108.08, for a total value of $1,444,381.12. Following the sale, the chief executive officer now directly owns 219,246 shares of the company’s stock, valued at approximately $23,696,107.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Leidos news, insider Roy E. Stevens sold 1,515 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $103.43, for a total transaction of $156,696.45. Following the completion of the transaction, the insider now owns 24,814 shares of the company’s stock, valued at approximately $2,566,512.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Roger A. Krone sold 13,364 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $108.08, for a total transaction of $1,444,381.12. Following the transaction, the chief executive officer now directly owns 219,246 shares of the company’s stock, valued at $23,696,107.68. The disclosure for this sale can be found here. Insiders sold 53,355 shares of company stock worth $5,736,987 over the last quarter. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LDOS. StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 8th. Citigroup initiated coverage on Leidos in a report on Thursday. They set a “buy” rating and a $130.00 price objective on the stock. Royal Bank of Canada lifted their target price on Leidos from $105.00 to $112.00 in a research note on Friday, December 2nd. Finally, Wells Fargo & Company boosted their target price on Leidos from $105.00 to $114.00 in a research report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

About Leidos

(Get Rating)

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

Further Reading

Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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