Massachusetts Financial Services Co. MA Increases Holdings in Leidos Holdings, Inc. $LDOS

Massachusetts Financial Services Co. MA raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,221,518 shares of the aerospace company’s stock after acquiring an additional 39,378 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Leidos were worth $419,778,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LDOS. Harbor Capital Advisors Inc. boosted its holdings in Leidos by 2.7% in the third quarter. Harbor Capital Advisors Inc. now owns 2,203 shares of the aerospace company’s stock valued at $416,000 after purchasing an additional 57 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Leidos by 2.0% during the 2nd quarter. Personal CFO Solutions LLC now owns 2,974 shares of the aerospace company’s stock worth $469,000 after buying an additional 59 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Leidos by 3.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,639 shares of the aerospace company’s stock valued at $259,000 after buying an additional 59 shares in the last quarter. CX Institutional boosted its holdings in shares of Leidos by 4.3% in the 3rd quarter. CX Institutional now owns 1,503 shares of the aerospace company’s stock valued at $284,000 after buying an additional 62 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its position in shares of Leidos by 4.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,627 shares of the aerospace company’s stock valued at $257,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group set a $204.00 price objective on shares of Leidos in a research note on Thursday. Zacks Research cut Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Truist Financial reaffirmed a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 price objective on shares of Leidos in a report on Wednesday, November 5th. Finally, Bank of America raised their target price on shares of Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.09.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $181.04, for a total transaction of $543,120.00. Following the transaction, the insider directly owned 41,575 shares in the company, valued at $7,526,738. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.96% of the stock is currently owned by insiders.

Leidos Stock Up 0.7%

Leidos stock opened at $194.63 on Monday. The stock has a 50 day moving average of $189.12 and a two-hundred day moving average of $182.98. Leidos Holdings, Inc. has a twelve month low of $123.62 and a twelve month high of $205.77. The stock has a market capitalization of $24.89 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.37 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.43 dividend. This is a boost from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. Leidos’s dividend payout ratio (DPR) is 16.04%.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.