Jump Financial LLC Acquires 31,639 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Jump Financial LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 637.2% in the fourth quarter, HoldingsChannel reports. The fund owned 36,604 shares of the aerospace company’s stock after acquiring an additional 31,639 shares during the period. Jump Financial LLC’s holdings in Leidos were worth $5,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC boosted its stake in Leidos by 83.0% in the 4th quarter. Private Advisor Group LLC now owns 8,167 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 3,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Leidos by 39.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after buying an additional 3,534 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new stake in shares of Leidos during the fourth quarter valued at approximately $1,979,000. HM Payson & Co. increased its position in shares of Leidos by 959.8% during the fourth quarter. HM Payson & Co. now owns 2,374 shares of the aerospace company’s stock valued at $342,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Teamwork Financial Advisors LLC raised its holdings in Leidos by 497.9% in the 4th quarter. Teamwork Financial Advisors LLC now owns 70,566 shares of the aerospace company’s stock worth $10,166,000 after acquiring an additional 58,763 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company reduced their target price on Leidos from $191.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. UBS Group dropped their price target on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a report on Friday, April 11th. Finally, Truist Financial dropped their target price on shares of Leidos from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average price target of $179.23.

Insiders Place Their Bets

In other Leidos 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 value of $203,320.16. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Leidos Price Performance

Shares of Leidos stock opened at $139.89 on Thursday. The stock has a market cap of $17.94 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The stock’s fifty day moving average is $135.05 and its 200 day moving average is $151.79. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio is currently 17.32%.

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.