Oppenheimer Asset Management Inc. decreased its holdings in Leidos Holdings Inc (NYSE:LDOS) by 21.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,660 shares of the aerospace company’s stock after selling 971 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Leidos were worth $292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LDOS. Welch & Forbes LLC bought a new stake in Leidos during the 2nd quarter worth approximately $240,000. Allianz Asset Management GmbH raised its stake in Leidos by 15.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 258,419 shares of the aerospace company’s stock worth $20,634,000 after acquiring an additional 34,196 shares during the period. Ibex Investors LLC bought a new stake in Leidos during the 2nd quarter worth approximately $224,000. Fort L.P. raised its stake in Leidos by 35.4% during the 1st quarter. Fort L.P. now owns 34,731 shares of the aerospace company’s stock worth $2,226,000 after acquiring an additional 9,085 shares during the period. Finally, Braun Stacey Associates Inc. raised its stake in Leidos by 4.7% during the 2nd quarter. Braun Stacey Associates Inc. now owns 181,063 shares of the aerospace company’s stock worth $14,458,000 after acquiring an additional 8,183 shares during the period. 74.71% of the stock is currently owned by institutional investors.

In other news, Director Gary Stephen May sold 500 shares of Leidos stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $84.57, for a total transaction of $42,285.00. Following the sale, the director now owns 9,166 shares in the company, valued at $775,168.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.17% of the company’s stock.

A number of equities research analysts have commented on LDOS shares. Citigroup cut shares of Leidos from a “buy” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $83.00 in a research note on Tuesday, July 9th. SunTrust Banks raised their target price on shares of Leidos to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Leidos from $75.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 21st. Argus lifted their price objective on shares of Leidos to $82.00 and gave the company a “positive” rating in a research report on Thursday, May 16th. Finally, Zacks Investment Research cut shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 price objective on the stock. in a research report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Leidos presently has a consensus rating of “Buy” and an average target price of $82.60.

Shares of Leidos stock traded up $0.22 on Friday, hitting $86.57. 18,696 shares of the company traded hands, compared to its average volume of 1,254,898. The stock has a market capitalization of $12.08 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.30 and a current ratio of 1.30. Leidos Holdings Inc has a 52 week low of $50.33 and a 52 week high of $89.00. The business has a 50-day simple moving average of $84.16 and a 200 day simple moving average of $75.03.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. Research analysts expect that Leidos Holdings Inc will post 4.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.57%. This is a boost from Leidos’s previous quarterly dividend of $0.32. Leidos’s dividend payout ratio (DPR) is presently 29.22%.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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