Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 26.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,624 shares of the aerospace company’s stock after selling 2,003 shares during the quarter. iA Global Asset Management Inc.’s holdings in Leidos were worth $820,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Key Financial Inc raised its position in shares of Leidos by 6.5% during the 2nd quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock valued at $166,000 after buying an additional 70 shares during the period. Bleakley Financial Group LLC raised its position in Leidos by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,671 shares of the aerospace company’s stock valued at $350,000 after purchasing an additional 76 shares during the period. Somerset Trust Co lifted its stake in shares of Leidos by 4.7% in the 2nd quarter. Somerset Trust Co now owns 2,346 shares of the aerospace company’s stock valued at $342,000 after purchasing an additional 106 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Leidos by 3.1% during the 2nd quarter. UMB Bank n.a. now owns 3,569 shares of the aerospace company’s stock worth $521,000 after purchasing an additional 107 shares during the period. Finally, Czech National Bank grew its holdings in shares of Leidos by 0.5% during the 1st quarter. Czech National Bank now owns 24,194 shares of the aerospace company’s stock worth $3,172,000 after purchasing an additional 111 shares during the period. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Leidos Trading Up 0.7 %

NYSE:LDOS opened at $158.52 on Friday. The stock has a 50-day simple moving average of $148.86 and a 200-day simple moving average of $139.78. The stock has a market cap of $21.43 billion, a P/E ratio of 68.33, a P/E/G ratio of 1.32 and a beta of 0.68. Leidos Holdings, Inc. has a 1 year low of $89.22 and a 1 year high of $158.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 EPS. As a group, analysts anticipate that Leidos Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.96%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LDOS. Royal Bank of Canada boosted their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. TD Cowen upped their price target on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Leidos from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Citigroup increased their target price on Leidos from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.25.

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.