Wedge Capital Management L L P NC Sells 4,026 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Wedge Capital Management L L P NC cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,633 shares of the aerospace company’s stock after selling 4,026 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Leidos were worth $3,424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LDOS. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Leidos in the fourth quarter valued at approximately $28,000. Itau Unibanco Holding S.A. bought a new position in Leidos in the third quarter valued at approximately $30,000. Lindbrook Capital LLC boosted its stake in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares during the last quarter. Friedenthal Financial bought a new position in shares of Leidos during the fourth quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Leidos during the third quarter worth $49,000. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

LDOS stock opened at $128.90 on Thursday. The company has a 50 day simple moving average of $127.30 and a 200 day simple moving average of $113.33. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 90.78, a P/E/G ratio of 1.78 and a beta of 0.70. Leidos Holdings, Inc. has a 1 year low of $76.58 and a 1 year high of $131.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. Research analysts anticipate that Leidos Holdings, Inc. will post 7.77 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio (DPR) is currently 107.04%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Leidos news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David G. Fubini sold 7,874 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LDOS. Royal Bank of Canada raised their price objective on shares of Leidos from $105.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Argus lifted their target price on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company boosted their price objective on shares of Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Bank of America boosted their price objective on shares of Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Leidos presently has an average rating of “Moderate Buy” and an average price target of $132.42.

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.