Y Intercept Hong Kong Ltd Buys 24,142 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Y Intercept Hong Kong Ltd raised its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 347.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,097 shares of the aerospace company’s stock after purchasing an additional 24,142 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Leidos were worth $4,480,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Abound Financial LLC bought a new position in shares of Leidos during the 4th quarter worth about $595,000. First Horizon Advisors Inc. lifted its holdings in shares of Leidos by 208.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,034 shares of the aerospace company’s stock worth $149,000 after acquiring an additional 699 shares during the period. Sigma Planning Corp lifted its holdings in shares of Leidos by 23.0% during the 4th quarter. Sigma Planning Corp now owns 2,471 shares of the aerospace company’s stock worth $356,000 after acquiring an additional 462 shares during the period. Leuthold Group LLC bought a new position in shares of Leidos during the 4th quarter worth about $3,697,000. Finally, Legacy Capital Group California Inc. lifted its holdings in shares of Leidos by 9.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,106 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 177 shares during the period. 76.12% of the stock is owned by institutional investors.

Leidos Stock Down 2.6 %

Shares of NYSE:LDOS opened at $126.66 on Monday. Leidos Holdings, Inc. has a one year low of $123.22 and a one year high of $202.90. The company has a 50 day moving average of $144.36 and a 200-day moving average of $156.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and cut their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Truist Financial cut their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Barclays lifted their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Profile

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.