Wedge Capital Management L L P NC Has $64.87 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Wedge Capital Management L L P NC lowered its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,966 shares of the aerospace company’s stock after selling 103,902 shares during the quarter. Leidos comprises 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 5th largest holding. Wedge Capital Management L L P NC owned 0.30% of Leidos worth $64,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LDOS. ORG Wealth Partners LLC bought a new stake in shares of Leidos in the 3rd quarter valued at about $122,000. Sound Income Strategies LLC lifted its position in Leidos by 125.5% during the third quarter. Sound Income Strategies LLC now owns 2,808 shares of the aerospace company’s stock valued at $458,000 after acquiring an additional 1,563 shares during the last quarter. Renaissance Investment Group LLC boosted its stake in Leidos by 1.3% in the third quarter. Renaissance Investment Group LLC now owns 69,352 shares of the aerospace company’s stock valued at $11,304,000 after acquiring an additional 921 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Leidos by 3,896.8% in the third quarter. Exchange Traded Concepts LLC now owns 1,239 shares of the aerospace company’s stock worth $202,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Leidos during the third quarter worth $226,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at $1,082,689.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This represents a 0.00 % 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.

Leidos Stock Performance

LDOS stock traded up $0.65 during trading on Monday, hitting $167.85. 78,030 shares of the company traded hands, compared to its average volume of 854,406. Leidos Holdings, Inc. has a 1 year low of $90.30 and a 1 year high of $168.18. The company has a market cap of $22.61 billion, a PE ratio of 52.41, a P/E/G ratio of 1.47 and a beta of 0.70. The stock’s 50-day simple moving average is $155.38 and its 200 day simple moving average is $146.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the firm earned $1.80 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Leidos Holdings, Inc. will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.91%. Leidos’s payout ratio is 47.65%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LDOS shares. Stifel Nicolaus boosted their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company boosted their price target on Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Bank of America increased their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Citigroup boosted their target price on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $166.92.

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.