Cornercap Investment Counsel Inc. Sells 1,369 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Cornercap Investment Counsel Inc. decreased its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 11.2% during the 4th quarter, Holdings Channel reports. The fund owned 10,841 shares of the aerospace company’s stock after selling 1,369 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Leidos were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the 4th quarter worth approximately $27,000. Berbice Capital Management LLC acquired a new stake in Leidos during the 4th quarter worth about $29,000. Mather Group LLC. increased its stake in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Human Investing LLC bought a new stake in shares of Leidos during the fourth quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Leidos in the 4th quarter worth about $57,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of NYSE LDOS opened at $133.95 on Friday. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. 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 firm has a fifty day moving average of $137.51 and a 200 day moving average of $153.65. The firm has a market cap of $17.17 billion, a PE ratio of 14.50, a PEG ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (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%. As a group, research analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s dividend payout ratio is presently 17.32%.

Insider Activity at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction 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 completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction on Thursday, February 13th. The shares were 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 trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen downgraded Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and an average target price of $178.07.

Leidos 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.