Ieq Capital LLC Has $760,000 Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Ieq Capital LLC cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,278 shares of the aerospace company’s stock after selling 412 shares during the quarter. Ieq Capital LLC’s holdings in Leidos were worth $760,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Leidos during the third quarter valued at approximately $29,000. Berbice Capital Management LLC acquired a new stake in Leidos during the fourth quarter valued at approximately $29,000. Mather Group LLC. boosted its holdings in Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Human Investing LLC bought a new position in shares of Leidos in the fourth quarter valued at approximately $52,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and cut their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Leidos in a research note on Friday, February 7th. They issued an “overweight” rating and a $185.00 target price for the company. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wells Fargo & Company cut their target price on shares of Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays boosted their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued 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.

Leidos Stock Performance

Shares of Leidos stock opened at $130.55 on Wednesday. The firm has a fifty day moving average of $143.49 and a two-hundred day moving average of $156.63. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52 week low of $123.22 and a 52 week high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is 17.32%.

Insider Activity

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’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 completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

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.