Envestnet Portfolio Solutions Inc. Decreases Position in Leidos Holdings, Inc. (NYSE:LDOS)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 46,371 shares of the aerospace company’s stock after selling 6,480 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Leidos were worth $6,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in Leidos during the fourth quarter valued at approximately $27,000. Berbice Capital Management LLC bought a new position in shares of Leidos during the fourth quarter valued at approximately $29,000. Mather Group LLC. grew its stake in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Human Investing LLC bought a new position in shares of Leidos during the fourth quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new position in Leidos in the fourth quarter worth approximately $57,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LDOS. UBS Group dropped their price objective on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. Wells Fargo & Company lowered their target price on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald upgraded Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.87.

Leidos Stock Performance

Shares of LDOS opened at $138.35 on Tuesday. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The stock has a fifty day moving average price of $140.22 and a 200-day moving average price of $154.88. 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 cap of $17.74 billion, a PE ratio of 14.97, a P/E/G ratio of 1.65 and a beta of 0.72.

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

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. Leidos’s dividend payout ratio (DPR) is 17.32%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following 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 disclosure for this sale can be found here. 0.96% of the stock is currently owned by company 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.