Bank of New York Mellon Corp Sells 23,642 Shares of Leidos Holdings, Inc. $LDOS

Bank of New York Mellon Corp decreased its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 779,100 shares of the aerospace company’s stock after selling 23,642 shares during the quarter. Bank of New York Mellon Corp’s holdings in Leidos were worth $147,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LDOS. Alta Wealth Advisors LLC bought a new stake in shares of Leidos in the 3rd quarter worth approximately $1,365,000. Clark Financial Services Group Inc. BD boosted its holdings in Leidos by 10.7% in the third quarter. Clark Financial Services Group Inc. BD now owns 2,929 shares of the aerospace company’s stock valued at $553,000 after acquiring an additional 283 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Leidos by 0.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 25,219 shares of the aerospace company’s stock valued at $4,765,000 after purchasing an additional 77 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Leidos by 7.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,226 shares of the aerospace company’s stock worth $2,879,000 after purchasing an additional 1,049 shares in the last quarter. Finally, LBP AM SA raised its holdings in Leidos by 43.8% in the 3rd quarter. LBP AM SA now owns 63,211 shares of the aerospace company’s stock worth $11,944,000 after purchasing an additional 19,268 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analysts Set New Price Targets

LDOS has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a research report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $230.00 target price on shares of Leidos in a research report on Wednesday, November 5th. Zacks Research lowered Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Wall Street Zen raised Leidos from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.09.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total value of $576,630.00. Following the completion of the transaction, the insider directly owned 38,575 shares in the company, valued at $7,414,500.75. The trade was a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Leidos Trading Up 0.5%

NYSE LDOS opened at $188.05 on Friday. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average price is $188.94 and its 200-day moving average price is $184.73. The stock has a market cap of $24.04 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.30 and a beta of 0.58.

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

Leidos 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.