Sei Investments Co. Grows Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Sei Investments Co. grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 155.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,847 shares of the aerospace company’s stock after purchasing an additional 99,610 shares during the period. Sei Investments Co. owned about 0.12% of Leidos worth $23,604,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LDOS. Private Advisor Group LLC boosted its stake in Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after buying an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Leidos by 39.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after acquiring an additional 3,534 shares during the last quarter. Fiduciary Trust Co boosted its stake 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 purchasing an additional 6,395 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in shares of Leidos during the 4th quarter valued at $1,979,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Leidos in the 3rd quarter worth $4,622,000. 76.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LDOS shares. Wells Fargo & Company cut their price target on shares of Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. UBS Group dropped their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and decreased their price target for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.07.

Insider Activity at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Price Performance

LDOS stock opened at $136.29 on Thursday. The firm has a 50-day moving average of $138.32 and a 200 day moving average of $153.91. 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 company has a market cap of $17.47 billion, a P/E ratio of 14.75, a PEG ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 1 year low of $123.23 and a 1 year high of $202.90.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. Leidos’s payout ratio is 17.32%.

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.