California Public Employees Retirement System Has $106.15 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

California Public Employees Retirement System lifted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,049,981 shares of the aerospace company’s stock after purchasing an additional 7,020 shares during the period. California Public Employees Retirement System’s holdings in Leidos were worth $106,153,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LDOS. BlackRock Inc. lifted its position in shares of Leidos by 6.9% during the second quarter. BlackRock Inc. now owns 10,987,211 shares of the aerospace company’s stock worth $1,110,806,000 after purchasing an additional 711,728 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Leidos by 23.6% during the second quarter. Victory Capital Management Inc. now owns 2,842,088 shares of the aerospace company’s stock worth $287,335,000 after purchasing an additional 542,304 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Leidos by 11.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,953,934 shares of the aerospace company’s stock worth $380,685,000 after purchasing an additional 407,307 shares in the last quarter. Millennium Management LLC raised its stake in shares of Leidos by 16,745.5% during the first quarter. Millennium Management LLC now owns 394,664 shares of the aerospace company’s stock worth $37,998,000 after buying an additional 397,035 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in shares of Leidos during the first quarter worth approximately $36,436,000. Institutional investors own 75.71% of the company’s stock.

In related news, insider James Robert Moos sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $98.67, for a total transaction of $740,025.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary Stephen May sold 500 shares of the firm’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $96.55, for a total transaction of $48,275.00. Following the transaction, the director now directly owns 8,672 shares in the company, valued at $837,281.60. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

A number of equities research analysts recently weighed in on LDOS shares. Cowen reissued a “buy” rating and set a $119.00 price target on shares of Leidos in a research note on Friday, October 8th. Argus downgraded shares of Leidos from a “buy” rating to a “hold” rating in a research note on Friday, August 20th. Robert W. Baird dropped their price target on shares of Leidos from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, August 4th. Finally, Zacks Investment Research downgraded shares of Leidos from a “hold” rating to a “sell” rating and set a $104.00 price target for the company. in a research note on Wednesday, September 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $115.44.

Shares of NYSE:LDOS opened at $98.22 on Thursday. The company has a market capitalization of $13.90 billion, a PE ratio of 19.26, a PEG ratio of 1.47 and a beta of 0.88. Leidos Holdings, Inc. has a 52 week low of $79.15 and a 52 week high of $113.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.05. The company has a 50 day moving average price of $96.37 and a two-hundred day moving average price of $100.60.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, August 3rd. The aerospace company reported $1.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.06). The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.38 billion. Leidos had a net margin of 5.54% and a return on equity of 23.24%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 6.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Wednesday, September 15th were issued a dividend of $0.36 per share. This is a boost from Leidos’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $1.44 annualized dividend and a yield of 1.47%. Leidos’s dividend payout ratio is presently 24.70%.

Leidos Company Profile

Leidos Holdings, Inc is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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