ClariVest Asset Management LLC Has $3.24 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

ClariVest Asset Management LLC trimmed its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,226 shares of the aerospace company’s stock after selling 220 shares during the quarter. ClariVest Asset Management LLC’s holdings in Leidos were worth $3,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Leidos by 18.3% in the 4th quarter. Franklin Resources Inc. now owns 74,671 shares of the aerospace company’s stock valued at $8,082,000 after purchasing an additional 11,576 shares during the period. Twin Tree Management LP bought a new stake in Leidos in the first quarter valued at approximately $2,512,000. Leeward Investments LLC MA lifted its position in shares of Leidos by 4.9% in the first quarter. Leeward Investments LLC MA now owns 166,069 shares of the aerospace company’s stock valued at $21,770,000 after buying an additional 7,703 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Leidos during the 1st quarter worth approximately $1,900,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Leidos by 97.2% during the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after acquiring an additional 6,360 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Citigroup increased their price target on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. Finally, Bank of America boosted their price target on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus price target of $163.08.

Leidos Stock Up 0.4 %

NYSE LDOS opened at $154.11 on Wednesday. The business has a fifty day moving average price of $150.04 and a two-hundred day moving average price of $141.58. The stock has a market capitalization of $20.76 billion, a PE ratio of 66.43, a PEG ratio of 1.36 and a beta of 0.69. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week high of $159.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the company earned $1.80 EPS. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

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

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the sale, the director now directly owns 7,455 shares in the company, valued at $1,082,689.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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.