FourThought Financial Partners LLC Has $944,000 Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

FourThought Financial Partners LLC decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,550 shares of the aerospace company’s stock after selling 202 shares during the quarter. FourThought Financial Partners LLC’s holdings in Leidos were worth $944,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares during the period. Ashton Thomas Securities LLC bought a new position in Leidos during the 3rd quarter worth $29,000. Berbice Capital Management LLC bought a new position in Leidos during the 4th quarter worth $29,000. Mather Group LLC. increased its position in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares during the period. Finally, Human Investing LLC bought a new position in Leidos during the 4th quarter worth $52,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Performance

Leidos stock opened at $130.55 on Wednesday. Leidos Holdings, Inc. has a 12-month low of $123.22 and a 12-month high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $143.49 and its two-hundred day moving average price is $156.63. The stock has a market cap of $17.12 billion, a PE ratio of 14.13, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Leidos’s payout ratio is 17.32%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LDOS shares. Truist Financial lowered their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird increased 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. StockNews.com upgraded Leidos from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.27.

Insider Activity

In other news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction dated Thursday, February 13th. The shares were 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. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.