IFP Advisors Inc Sells 3,827 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

IFP Advisors Inc cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,510 shares of the aerospace company’s stock after selling 3,827 shares during the quarter. IFP Advisors Inc’s holdings in Leidos were worth $1,514,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after buying an additional 3,534 shares in the last quarter. Fiduciary Trust Co grew its position in shares of Leidos by 36.4% in the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock valued at $3,902,000 after acquiring an additional 6,395 shares during the period. Atria Investments Inc increased its stake in shares of Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Leidos by 21.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock valued at $8,992,000 after purchasing an additional 9,710 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Leidos in the 3rd quarter valued at about $4,622,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was 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 Stock Down 0.9 %

NYSE LDOS opened at $129.52 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.65 and a beta of 0.66. The company has a 50 day moving average of $143.16 and a 200-day moving average of $156.44. Leidos Holdings, Inc. has a 1-year low of $123.22 and a 1-year high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. On average, equities research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.24%. Leidos’s dividend payout ratio is 17.32%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LDOS. Wells Fargo & Company lowered their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial decreased their target price on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Barclays raised their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Company 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.