Quantinno Capital Management LP Reduces Position in Leidos Holdings, Inc. $LDOS

Quantinno Capital Management LP decreased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 10.9% in the first quarter, Holdings Channel reports. The fund owned 203,141 shares of the aerospace company’s stock after selling 24,962 shares during the period. Quantinno Capital Management LP’s holdings in Leidos were worth $31,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Richardson Financial Services Inc. boosted its holdings in shares of Leidos by 13.4% during the 4th quarter. Richardson Financial Services Inc. now owns 517 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 61 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in shares of Leidos by 4.8% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after purchasing an additional 61 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Leidos by 0.3% in the fourth quarter. Ritholtz Wealth Management now owns 23,513 shares of the aerospace company’s stock valued at $4,242,000 after purchasing an additional 62 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Leidos by 19.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock worth $69,000 after buying an additional 62 shares in the last quarter. Finally, Keybank National Association OH lifted its position in Leidos by 3.6% during the fourth quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock worth $335,000 after buying an additional 65 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the sale, the director directly owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of several analyst reports. Bank of America restated a “neutral” rating and issued a $125.00 target price (down from $200.00) on shares of Leidos in a report on Wednesday, June 17th. Weiss Ratings lowered Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Wells Fargo & Company set a $125.00 price target on shares of Leidos in a research report on Wednesday, June 17th. Jefferies Financial Group dropped their price objective on shares of Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Leidos presently has an average rating of “Hold” and an average price target of $163.80.

Leidos Trading Up 2.9%

Shares of Leidos stock opened at $115.67 on Friday. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.65 and a beta of 0.54. Leidos Holdings, Inc. has a fifty-two week low of $98.86 and a fifty-two week high of $205.77. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. The stock has a 50 day moving average of $113.37 and a 200 day moving average of $146.78.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. During the same quarter last year, the firm earned $2.97 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, research analysts predict that Leidos Holdings, Inc. will post 12.3 earnings per share for the current year.

Leidos declared that its Board of Directors has authorized a stock buyback program on Friday, July 31st that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.