64,863 Shares in Leidos Holdings, Inc. (NYSE:LDOS) Purchased by Paradoxiom Capital L.P.

Paradoxiom Capital L.P. purchased a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 64,863 shares of the aerospace company’s stock, valued at approximately $9,344,000. Leidos makes up about 3.9% of Paradoxiom Capital L.P.’s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Leidos in the fourth quarter worth $266,419,000. Alliancebernstein L.P. boosted its stake in Leidos by 510.6% during the 4th quarter. Alliancebernstein L.P. now owns 999,661 shares of the aerospace company’s stock valued at $144,011,000 after acquiring an additional 835,930 shares during the last quarter. Invesco Ltd. lifted its position in shares of Leidos by 35.0% in the 4th quarter. Invesco Ltd. now owns 2,630,448 shares of the aerospace company’s stock worth $378,942,000 after buying an additional 682,532 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after buying an additional 405,256 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Leidos by 435.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 464,573 shares of the aerospace company’s stock worth $67,032,000 after buying an additional 377,756 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LDOS. Truist Financial dropped their price objective on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, April 14th. UBS Group raised their price objective on shares of Leidos from $149.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 30th. Finally, William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Five research 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 stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $180.69.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $862,260.48. The trade was a 19.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Dahlberg sold 1,250 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $154.55, for a total value of $193,187.50. Following the sale, the director now directly owns 20,195 shares of the company’s stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,889 shares of company stock valued at $675,786 over the last ninety days. 0.96% of the stock is owned by insiders.

Leidos Trading Down 0.4%

Shares of LDOS stock opened at $155.42 on Wednesday. Leidos Holdings, Inc. has a 1 year low of $123.62 and a 1 year high of $202.90. The firm’s fifty day simple moving average is $141.06 and its 200 day simple moving average is $149.13. The firm has a market capitalization of $20.01 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.65 and a beta of 0.65. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.50. Leidos had a net margin of 7.53% and a return on equity of 30.93%. The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company earned $2.29 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. Leidos’s dividend payout ratio is presently 16.10%.

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.