Quartz Partners LLC Purchases 4,620 Shares of Leidos Holdings, Inc. $LDOS

Quartz Partners LLC lifted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 14.4% in the second quarter, Holdings Channel.com reports. The fund owned 36,647 shares of the aerospace company’s stock after purchasing an additional 4,620 shares during the quarter. Quartz Partners LLC’s holdings in Leidos were worth $3,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of Leidos during the second quarter valued at $398,000. Wealthfront Advisers LLC acquired a new position in shares of Leidos during the second quarter worth approximately $842,000. Foster & Motley Inc. acquired a new position in Leidos during the 2nd quarter worth $3,230,000. Main Street Financial Solutions LLC acquired a new position in shares of Leidos during the second quarter valued at $349,000. Finally, First National Bank of Omaha bought a new position in shares of Leidos in the 2nd quarter valued at about $2,007,000. Institutional investors own 76.12% of the company’s stock.

Leidos Stock Performance

Shares of NYSE LDOS opened at $146.34 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $18.36 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.09 and a beta of 0.52. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The stock has a 50 day moving average of $116.32 and a 200-day moving average of $141.52.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.35. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the business earned $3.21 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 12.38 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. Leidos’s dividend payout ratio is presently 16.04%.

Leidos declared that its Board of Directors has approved a share repurchase plan on Friday, July 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup raised their price target on Leidos from $138.00 to $161.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reduced their price target on shares of Leidos from $152.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Truist Financial decreased their price objective on Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $162.93.

Insider Buying and Selling at Leidos

In other news, Director Noel B. Geer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director owned 34,274 shares in the company, valued at approximately $4,820,980.84. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.77% of the stock is owned by insiders.

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.