Wealthcare Capital Partners LLC Purchases Shares of 3,044 Leidos Holdings, Inc. (NYSE:LDOS)

Wealthcare Capital Partners LLC acquired a new stake in Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,044 shares of the aerospace company’s stock, valued at approximately $439,000.

A number of other hedge funds have also recently made changes to their positions in the business. Ballentine Partners LLC raised its holdings in shares of Leidos by 3.5% in the third quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 62 shares during the last quarter. Asahi Life Asset Management CO. LTD. increased its stake in Leidos by 3.2% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after buying an additional 70 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock worth $394,000 after buying an additional 86 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Leidos by 2.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 4,796 shares of the aerospace company’s stock worth $691,000 after buying an additional 95 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company’s stock worth $274,000 after buying an additional 99 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Leidos

In other news, Director Noel B. Geer purchased 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LDOS shares. Robert W. Baird boosted their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald began coverage on shares of Leidos in a report on Friday. They issued an “overweight” rating and a $185.00 price target on the stock. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and reduced their target price for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, UBS Group began coverage on shares of Leidos in a report on Monday, December 2nd. They issued a “neutral” rating and a $182.00 price target on the stock. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Leidos Stock Up 0.4 %

LDOS opened at $142.86 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $149.74 and its 200 day simple moving average is $157.78. Leidos Holdings, Inc. has a 52 week low of $113.67 and a 52 week high of $202.90. The stock has a market cap of $19.06 billion, a PE ratio of 16.27, a P/E/G ratio of 0.92 and a beta of 0.66.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

Leidos Company Profile

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.