Nisa Investment Advisors LLC Sells 999 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Nisa Investment Advisors LLC cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,851 shares of the aerospace company’s stock after selling 999 shares during the period. Nisa Investment Advisors LLC’s holdings in Leidos were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Tritonpoint Wealth LLC acquired a new stake in shares of Leidos in the 4th quarter valued at about $390,000. Financial Security Advisor Inc. acquired a new stake in shares of Leidos in the 4th quarter valued at about $212,000. International Assets Investment Management LLC acquired a new stake in shares of Leidos in the 4th quarter valued at about $18,976,000. Arizona State Retirement System grew its stake in shares of Leidos by 0.9% in the 4th quarter. Arizona State Retirement System now owns 35,862 shares of the aerospace company’s stock valued at $3,882,000 after buying an additional 312 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Leidos in the 4th quarter valued at about $28,000. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

Shares of NYSE LDOS opened at $124.63 on Wednesday. Leidos Holdings, Inc. has a twelve month low of $76.58 and a twelve month high of $131.50. The stock’s 50 day moving average price is $126.11 and its 200-day moving average price is $112.03. The company has a market capitalization of $16.84 billion, a PE ratio of 87.77, a PEG ratio of 1.74 and a beta of 0.70. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 7.76 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.22%. Leidos’s payout ratio is presently 107.04%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the sale, the director now owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LDOS shares. Royal Bank of Canada raised their target price on Leidos from $105.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Jefferies Financial Group raised their target price on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. TheStreet upgraded Leidos from a “c” rating to a “b” rating in a research note on Tuesday, February 13th. Argus lifted their price target on Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their price target on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $132.42.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.