Metis Global Partners LLC Has $894,000 Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Metis Global Partners LLC trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,204 shares of the aerospace company’s stock after selling 154 shares during the quarter. Metis Global Partners LLC’s holdings in Leidos were worth $894,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of Leidos by 71.0% during the third quarter. Farther Finance Advisors LLC now owns 3,703 shares of the aerospace company’s stock worth $604,000 after purchasing an additional 1,537 shares during the period. Janney Montgomery Scott LLC grew its position in Leidos by 5.1% during the third quarter. Janney Montgomery Scott LLC now owns 26,550 shares of the aerospace company’s stock worth $4,328,000 after buying an additional 1,281 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Leidos by 16.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 368,904 shares of the aerospace company’s stock worth $60,131,000 after acquiring an additional 51,115 shares during the period. Forum Financial Management LP acquired a new position in Leidos in the 3rd quarter valued at $210,000. Finally, Intact Investment Management Inc. acquired a new position in Leidos in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Stock Performance

Shares of LDOS stock opened at $132.35 on Wednesday. The business’s 50-day moving average price is $142.01 and its 200-day moving average price is $156.06. Leidos Holdings, Inc. has a 12 month low of $123.22 and a 12 month high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LDOS. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and reduced their target price for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and dropped their target price for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Finally, Truist Financial lowered their price objective on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.87.

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.