Abound Financial LLC Makes New $595,000 Investment in Leidos Holdings, Inc. (NYSE:LDOS)

Abound Financial LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,127 shares of the aerospace company’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LDOS. Rakuten Securities Inc. grew its position in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Leidos during the third quarter worth about $29,000. Berbice Capital Management LLC acquired a new position in shares of Leidos during the fourth quarter worth about $29,000. Mather Group LLC. grew its position in shares of Leidos by 143.1% during the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. Finally, Human Investing LLC acquired a new position in shares of Leidos during the fourth quarter worth about $52,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LDOS has been the subject of a number of analyst reports. 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. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and lowered their price target for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a report on Friday. UBS Group lowered their price target on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.27.

Leidos Price Performance

Shares of NYSE LDOS opened at $126.66 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. Leidos Holdings, Inc. has a twelve month low of $123.22 and a twelve month high of $202.90. The stock has a 50 day moving average of $144.36 and a two-hundred day moving average of $156.75. The stock has a market cap of $16.61 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share 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%. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 17.32%.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

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.