Assetmark Inc. Sells 7,914 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Assetmark Inc. decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 38.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,707 shares of the aerospace company’s stock after selling 7,914 shares during the period. Assetmark Inc.’s holdings in Leidos were worth $2,071,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Boston Partners raised its stake in Leidos by 5.8% in the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after acquiring an additional 188,458 shares during the period. Millennium Management LLC increased its stake in shares of Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after purchasing an additional 283,558 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Leidos by 39.7% during the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock valued at $114,102,000 after purchasing an additional 222,179 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Stock Down 3.4 %

LDOS stock opened at $194.40 on Thursday. Leidos Holdings, Inc. has a twelve month low of $103.82 and a twelve month high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. The stock has a market cap of $25.94 billion, a P/E ratio of 22.83, a PEG ratio of 1.35 and a beta of 0.68. The company’s 50 day moving average is $168.38 and its two-hundred day moving average is $154.88.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Research analysts expect that Leidos Holdings, Inc. will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, December 13th. This is an increase from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Insiders Place Their Bets

In other news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LDOS has been the topic of a number of research analyst reports. Barclays increased 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. Robert W. Baird lifted their price objective on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Truist Financial boosted their target price on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price target on shares of Leidos from $183.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.23.

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.