Leidos Holdings, Inc. (NYSE:LDOS) Stake Boosted by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,963 shares of the aerospace company’s stock after purchasing an additional 299 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Leidos were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC boosted its holdings in shares of Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after acquiring an additional 76 shares in the last quarter. Czech National Bank lifted its position in Leidos by 0.5% in the first quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after purchasing an additional 111 shares during the period. Assetmark Inc. boosted its stake in Leidos by 0.4% during the 4th quarter. Assetmark Inc. now owns 31,662 shares of the aerospace company’s stock valued at $3,427,000 after purchasing an additional 120 shares in the last quarter. Spire Wealth Management raised its stake in shares of Leidos by 2.2% in the 4th quarter. Spire Wealth Management now owns 5,756 shares of the aerospace company’s stock worth $632,000 after buying an additional 125 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Leidos by 2.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,378 shares of the aerospace company’s stock valued at $582,000 after buying an additional 134 shares during the period. Institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LDOS. Royal Bank of Canada upped their price target on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Leidos from $135.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Wells Fargo & Company increased their price objective on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, StockNews.com raised shares of Leidos from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.83.

Insider Activity at Leidos

In other news, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.96% of the stock is owned by company insiders.

Leidos Stock Up 2.1 %

Shares of Leidos stock traded up $3.14 during trading on Monday, hitting $152.97. 1,199,772 shares of the stock traded hands, compared to its average volume of 881,714. The company has a fifty day moving average price of $147.48 and a two-hundred day moving average price of $133.48. Leidos Holdings, Inc. has a twelve month low of $89.22 and a twelve month high of $155.45. The stock has a market cap of $20.68 billion, a P/E ratio of 64.58, a PEG ratio of 1.55 and a beta of 0.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.70 by $0.59. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. Leidos had a net margin of 2.04% and a return on equity of 25.66%. Leidos’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 EPS. Equities research analysts predict that Leidos Holdings, Inc. will post 8.75 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio is 65.52%.

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.