Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.09 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,372 shares of the aerospace company’s stock after selling 954 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Leidos were worth $4,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC increased its holdings in Leidos by 83.0% in the fourth quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 3,703 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock valued at $1,800,000 after purchasing an additional 3,534 shares during the period. Fiduciary Trust Co increased its holdings in Leidos by 36.4% in the third 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 during the period. LGT Fund Management Co Ltd. acquired a new stake in Leidos in the fourth quarter valued at $1,979,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Leidos in the third quarter valued at $4,622,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of NYSE LDOS opened at $133.66 on Monday. Leidos Holdings, Inc. has a fifty-two week low of $123.23 and a fifty-two week high of $202.90. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm’s 50-day simple moving average is $139.37 and its 200 day simple moving average is $154.29.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share 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, research analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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 given a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.20%. Leidos’s payout ratio is 17.32%.

Insider Activity at Leidos

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated 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 sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, 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 insiders.

Analyst Ratings Changes

A number of analysts have weighed in on LDOS shares. Wells Fargo & Company decreased their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. TD Cowen downgraded 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 report on Wednesday, January 8th. Truist Financial decreased their price target on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group decreased their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.07.

Leidos Company 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.