O Shaughnessy Asset Management LLC Trims Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

O Shaughnessy Asset Management LLC trimmed its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,367 shares of the aerospace company’s stock after selling 225 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Leidos were worth $745,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LDOS. Meeder Asset Management Inc. increased its position in Leidos by 118.4% in the 1st quarter. Meeder Asset Management Inc. now owns 308 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 167 shares during the period. Valley National Advisers Inc. purchased a new position in shares of Leidos in the 1st quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Leidos in the first quarter valued at approximately $39,000. Solstein Capital LLC purchased a new stake in shares of Leidos during the first quarter worth approximately $43,000. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Leidos by 73.8% during the first quarter. CSat Investment Advisory L.P. now owns 683 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Leidos from a “hold” rating to a “sell” rating and set a $104.00 target price for the company. in a research note on Wednesday, September 8th. The Goldman Sachs Group raised shares of Leidos from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 8th. Citigroup began coverage on shares of Leidos in a report on Thursday, May 20th. They issued a “buy” rating for the company. Robert W. Baird decreased their price target on Leidos from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 4th. Finally, Morgan Stanley raised their price objective on Leidos from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, June 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $114.50.

In related news, Director Gary Stephen May sold 500 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $96.55, for a total transaction of $48,275.00. Following the completion of the sale, the director now owns 8,672 shares of the company’s stock, valued at approximately $837,281.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.57% of the company’s stock.

Shares of NYSE:LDOS opened at $94.61 on Wednesday. Leidos Holdings, Inc. has a 12-month low of $79.15 and a 12-month high of $113.75. The stock’s 50-day moving average price is $100.18 and its two-hundred day moving average price is $100.38. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.45 and a beta of 0.88.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, August 3rd. The aerospace company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.06). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Leidos had a return on equity of 23.24% and a net margin of 5.54%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. As a group, research analysts forecast that Leidos Holdings, Inc. will post 6.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This is a positive change from Leidos’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 1.52%. Leidos’s dividend payout ratio is currently 23.33%.

Leidos Company Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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