Renaissance Technologies LLC Buys Shares of 130,050 Leidos Holdings, Inc. $LDOS

Renaissance Technologies LLC bought a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the 1st quarter, HoldingsChannel reports. The fund bought 130,050 shares of the aerospace company’s stock, valued at approximately $20,225,000.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Leidos by 3.7% during the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock worth $1,086,434,000 after buying an additional 217,141 shares during the period. Diamant Asset Management Inc. increased its position in Leidos by 16,475.4% in the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after acquiring an additional 4,131,706 shares during the period. Geode Capital Management LLC raised its stake in Leidos by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock valued at $636,097,000 after acquiring an additional 64,909 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Leidos by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,859,616 shares of the aerospace company’s stock valued at $289,193,000 after acquiring an additional 47,542 shares in the last quarter. Finally, Norges Bank acquired a new position in Leidos during the 4th quarter worth $318,839,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Down 1.7%

Shares of NYSE:LDOS opened at $112.45 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.67 and a beta of 0.54. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77. The company has a 50 day moving average price of $113.58 and a 200 day moving average price of $147.00.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm earned $2.97 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. On average, research analysts anticipate that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal year.

Insider Activity

In other news, Director Gary Stephen May sold 1,484 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the sale, the director directly owned 10,137 shares of the company’s stock, valued at $1,345,686.75. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on LDOS. Stifel Nicolaus lowered their price target on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Truist Financial lowered their target price on shares of Leidos from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Bank of America restated a “neutral” rating and set a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $163.80.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.