Synergy Asset Management LLC Acquires 116,735 Shares of Leidos Holdings, Inc. $LDOS

Synergy Asset Management LLC boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 100.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 233,470 shares of the aerospace company’s stock after buying an additional 116,735 shares during the period. Leidos makes up approximately 1.6% of Synergy Asset Management LLC’s holdings, making the stock its 16th biggest holding. Synergy Asset Management LLC’s holdings in Leidos were worth $44,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Leidos by 3.3% during the second quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock worth $556,677,000 after acquiring an additional 111,813 shares during the period. Boston Partners increased its holdings in Leidos by 3.7% during the 2nd quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after purchasing an additional 103,321 shares in the last quarter. Norges Bank acquired a new stake in shares of Leidos in the 2nd quarter valued at about $261,501,000. Alliancebernstein L.P. lifted its holdings in shares of Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after purchasing an additional 598,974 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Leidos by 21.2% in the second quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after purchasing an additional 250,555 shares in the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Trading Up 1.7%

NYSE LDOS opened at $183.48 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 has a 50 day moving average of $188.60 and a 200-day moving average of $179.69. The company has a market cap of $23.46 billion, a PE ratio of 17.12, a PEG ratio of 1.26 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.43 dividend. This is an increase 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 yield of 0.9%. Leidos’s dividend payout ratio (DPR) is 16.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LDOS. Argus increased their price objective on Leidos from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Truist Financial reaffirmed a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Bank of America lifted their price objective on shares of Leidos from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of Leidos in a report on Monday. Finally, UBS Group lifted their price target on shares of Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.42.

Insider Buying and Selling

In related news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $181.04, for a total transaction of $543,120.00. Following the completion of the transaction, the insider owned 41,575 shares in the company, valued at approximately $7,526,738. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company’s stock.

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.