Interchange Capital Partners LLC Raises Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Interchange Capital Partners LLC increased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,690 shares of the aerospace company’s stock after purchasing an additional 106 shares during the quarter. Interchange Capital Partners LLC’s holdings in Leidos were worth $244,000 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. Duncker Streett & Co. Inc. purchased a new position in Leidos in the fourth quarter valued at about $27,000. Berbice Capital Management LLC purchased a new position in Leidos in the 4th quarter valued at approximately $29,000. Mather Group LLC. increased its stake in Leidos by 143.1% in the 4th 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 purchased a new stake in Leidos during the fourth quarter worth $52,000. Finally, Vision Financial Markets LLC acquired a new stake in Leidos in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $203,320.16. Following the sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the business’s 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 sale, the director now 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 disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Stock Performance

NYSE:LDOS opened at $135.78 on Tuesday. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The stock has a market cap of $17.41 billion, a P/E ratio of 14.69, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a 50-day moving average of $139.03 and a two-hundred day moving average of $154.15.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, beating 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%. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. Leidos’s dividend payout ratio (DPR) is 17.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LDOS. The Goldman Sachs Group downgraded Leidos from a “buy” rating to a “neutral” rating and cut their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. StockNews.com cut shares of Leidos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 8th. William Blair lowered shares of Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Wells Fargo & Company cut their price objective on Leidos from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.