Osaic Holdings Inc. Acquires 24,550 Shares of Leidos Holdings, Inc. $LDOS

Osaic Holdings Inc. raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 49.6% in the second quarter, HoldingsChannel reports. The firm owned 74,073 shares of the aerospace company’s stock after buying an additional 24,550 shares during the quarter. Osaic Holdings Inc.’s holdings in Leidos were worth $11,668,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Leidos during the second quarter valued at approximately $261,501,000. Alliancebernstein L.P. boosted its holdings in Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after acquiring an additional 598,974 shares in the last quarter. AQR Capital Management LLC increased its position in Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after purchasing an additional 250,555 shares during the period. New Vernon Capital Holdings II LLC bought a new position in Leidos in the 1st quarter worth $29,881,000. Finally, Balyasny Asset Management L.P. raised its holdings in Leidos by 753.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 215,939 shares of the aerospace company’s stock worth $34,067,000 after purchasing an additional 190,625 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LDOS. Truist Financial reaffirmed a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leidos in a research report on Monday. UBS Group upped their target price on Leidos from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Cantor Fitzgerald upped their price target on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.42.

Leidos Price Performance

LDOS stock opened at $184.57 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.50 and a current ratio of 1.62. The firm has a 50 day moving average price of $189.35 and a 200-day moving average price of $177.05. Leidos Holdings, Inc. has a 52-week low of $123.62 and a 52-week high of $205.77. The firm has a market capitalization of $23.60 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.33 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.44. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%.Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Equities research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. This is a boost from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is presently 16.04%.

About Leidos

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.