95,661 Leidos Holdings, Inc. $LDOS Shares Sold by Busey Bank

Busey Bank lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 97.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,577 shares of the aerospace company’s stock after selling 95,661 shares during the period. Busey Bank’s holdings in Leidos were worth $314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fulton Bank N.A. increased its position in Leidos by 3.9% during the 1st quarter. Fulton Bank N.A. now owns 2,154 shares of the aerospace company’s stock valued at $335,000 after buying an additional 80 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Leidos by 2.7% during the first quarter. Assenagon Asset Management S.A. now owns 3,748 shares of the aerospace company’s stock worth $583,000 after acquiring an additional 98 shares during the last quarter. Groupe la Francaise grew its stake in shares of Leidos by 10.2% during the second quarter. Groupe la Francaise now owns 1,509 shares of the aerospace company’s stock worth $155,000 after acquiring an additional 140 shares during the last quarter. Resolute Wealth Strategies LLC increased its holdings in shares of Leidos by 3.0% during the first quarter. Resolute Wealth Strategies LLC now owns 5,304 shares of the aerospace company’s stock valued at $825,000 after acquiring an additional 153 shares in the last quarter. Finally, Net Worth Advisory Group increased its holdings in shares of Leidos by 3.3% during the third quarter. Net Worth Advisory Group now owns 5,041 shares of the aerospace company’s stock valued at $615,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Activity at Leidos

In other news, Director Gary May sold 1,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the sale, the director owned 10,204 shares in the company, valued at $1,437,233.40. This represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel B. Geer sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares in the company, valued at $4,820,980.84. The trade was a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Leidos Trading Down 0.2%

Shares of NYSE:LDOS opened at $139.38 on Thursday. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.51 and a beta of 0.58. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $129.41 and a 200-day moving average price of $142.15.

Leidos (NYSE:LDOS) last released its earnings results on Monday, August 3rd. The aerospace company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 earnings per share. Equities analysts predict that Leidos Holdings, Inc. will post 12.36 EPS for the current year.

Leidos announced that its board has approved a stock repurchase plan on Friday, July 31st that allows the company to buy back 20,000,000 shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. Leidos’s dividend payout ratio (DPR) is currently 16.04%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird set a $150.00 price objective on shares of Leidos in a research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Leidos from $124.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Bank of America upped their price target on shares of Leidos from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, September 18th. Wells Fargo & Company set a $165.00 price target on shares of Leidos in a research note on Monday, August 17th. Finally, Royal Bank Of Canada decreased their price target on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Leidos presently has a consensus rating of “Hold” and a consensus price target of $156.14.

About Leidos

Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and science company that provides services and solutions to government and commercial customers. Its work supports defense, intelligence, civil government, health and transportation missions, with offerings that include information technology modernization, systems integration, cybersecurity, data analytics, artificial intelligence, engineering and mission operations.

The company also provides health technology and scientific services, transportation management systems, aviation and security solutions, and support for complex government programs.