Leidos Holdings, Inc. $LDOS Shares Sold by Strs Ohio

Strs Ohio decreased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 77.3% in the third quarter, Holdings Channel reports. The institutional investor owned 3,049 shares of the aerospace company’s stock after selling 10,369 shares during the period. Strs Ohio’s holdings in Leidos were worth $576,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC grew its position in shares of Leidos by 10.1% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 2,501 shares of the aerospace company’s stock valued at $473,000 after acquiring an additional 229 shares during the period. Rakuten Investment Management Inc. purchased a new position in Leidos during the third quarter worth approximately $14,859,000. Chicago Partners Investment Group LLC grew its holdings in Leidos by 80.1% in the third quarter. Chicago Partners Investment Group LLC now owns 3,022 shares of the aerospace company’s stock valued at $568,000 after purchasing an additional 1,344 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Leidos by 2.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,289 shares of the aerospace company’s stock valued at $1,944,000 after buying an additional 289 shares in the last quarter. Finally, Vest Financial LLC raised its stake in shares of Leidos by 19.1% during the 3rd quarter. Vest Financial LLC now owns 10,484 shares of the aerospace company’s stock worth $1,981,000 after buying an additional 1,678 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total value of $576,630.00. Following the transaction, the insider owned 38,575 shares of the company’s stock, valued at $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of Leidos in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Leidos from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $213.09.

Leidos Stock Up 0.5%

Shares of NYSE LDOS opened at $188.05 on Friday. The business’s fifty day simple moving average is $188.94 and its 200-day simple moving average is $184.56. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The stock has a market cap of $24.04 billion, a P/E ratio of 17.54, a PEG ratio of 1.30 and a beta of 0.58. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The business had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.