Public Employees Retirement System of Ohio raised its position in Leidos Holdings, Inc. (NYSE:LDOS) by 9.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 58,572 shares of the aerospace company’s stock after purchasing an additional 4,990 shares during the period. Public Employees Retirement System of Ohio’s holdings in Leidos Holdings were worth $3,028,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Leidos Holdings by 35.1% in the first quarter. Wellington Management Group LLP now owns 217,920 shares of the aerospace company’s stock valued at $11,144,000 after acquiring an additional 56,575 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Leidos Holdings by 10.0% in the first quarter. Thrivent Financial For Lutherans now owns 26,835 shares of the aerospace company’s stock valued at $1,372,000 after acquiring an additional 2,440 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Leidos Holdings in the first quarter valued at $605,000. Marshall Wace North America L.P. purchased a new stake in shares of Leidos Holdings in the first quarter valued at $605,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Leidos Holdings by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,367,021 shares of the aerospace company’s stock valued at $69,910,000 after acquiring an additional 5,119 shares in the last quarter. 74.69% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the company. Wells Fargo & Company upgraded Leidos Holdings from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Wednesday, October 25th. BidaskClub downgraded Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Cowen and Company restated a “buy” rating and issued a $68.00 price objective on shares of Leidos Holdings in a research report on Thursday, October 12th. Finally, TheStreet upgraded Leidos Holdings from a “c+” rating to a “b+” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $65.00.
Leidos Holdings, Inc. (NYSE LDOS) opened at 61.94 on Tuesday. Leidos Holdings, Inc. has a 52-week low of $41.16 and a 52-week high of $63.68. The company’s 50-day moving average price is $60.20 and its 200 day moving average price is $55.84. The stock has a market capitalization of $9.37 billion, a P/E ratio of 27.75 and a beta of 1.73.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Leidos Holdings’s revenue for the quarter was up 99.6% compared to the same quarter last year. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post $3.56 earnings per share for the current year.
In related news, Director Gary Stephen May sold 800 shares of Leidos Holdings stock in a transaction on Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jerald S. Howe, Jr. acquired 2,000 shares of Leidos Holdings stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of $55.32 per share, with a total value of $110,640.00. Following the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.
Leidos Holdings Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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