Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 4.2% in the third quarter, Holdings Channel.com reports. The firm owned 442,058 shares of the aerospace company’s stock after selling 19,330 shares during the quarter. Leidos makes up approximately 1.6% of Penserra Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Penserra Capital Management LLC’s holdings in Leidos were worth $72,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ballentine Partners LLC grew its holdings in Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after buying an additional 62 shares in the last quarter. Key Financial Inc raised its holdings 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 worth $166,000 after acquiring an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. boosted its position in shares of Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares during the last quarter. Somerset Trust Co grew its holdings in shares of Leidos by 3.5% in the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the period. Finally, Apella Capital LLC increased its position in Leidos by 0.8% during the third quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

LDOS has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Bank of America lifted their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays increased their price target on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $189.69.

Insider Transactions at Leidos

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $161.13 per share, with a total value of $322,260.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the transaction, the director now owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Trading Up 0.5 %

Shares of LDOS stock opened at $165.51 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $105.52 and a fifty-two week high of $202.90. The company has a 50 day moving average price of $170.36 and a 200 day moving average price of $156.24. The stock has a market capitalization of $22.08 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share. Equities research analysts predict that Leidos Holdings, Inc. will post 10.04 EPS for the current fiscal year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is presently 17.31%.

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.