Vinva Investment Management Ltd Sells 28,039 Shares of Leidos Holdings, Inc. $LDOS

Vinva Investment Management Ltd lessened its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 26.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 79,009 shares of the aerospace company’s stock after selling 28,039 shares during the period. Vinva Investment Management Ltd’s holdings in Leidos were worth $14,665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LDOS. Focus Partners Wealth grew its stake in shares of Leidos by 46.5% during the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 976 shares during the period. Atria Investments Inc lifted its stake in Leidos by 12.1% in the second quarter. Atria Investments Inc now owns 6,025 shares of the aerospace company’s stock valued at $951,000 after buying an additional 649 shares during the period. First Horizon Advisors Inc. lifted its stake in Leidos by 25.1% in the second quarter. First Horizon Advisors Inc. now owns 1,215 shares of the aerospace company’s stock valued at $192,000 after buying an additional 244 shares during the period. Atlantic Union Bankshares Corp bought a new position in Leidos during the second quarter worth about $1,291,000. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Leidos by 5.3% during the second quarter. Resona Asset Management Co. Ltd. now owns 41,368 shares of the aerospace company’s stock worth $6,513,000 after buying an additional 2,068 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upped their price target on Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Stifel Nicolaus cut their price target on shares of Leidos from $220.00 to $205.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Royal Bank Of Canada decreased their price objective on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Leidos from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.18.

Leidos Stock Up 1.4%

Shares of Leidos stock opened at $178.10 on Friday. The company has a market capitalization of $22.51 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.58. The business has a 50-day moving average of $184.76 and a two-hundred day moving average of $186.54. Leidos Holdings, Inc. has a 1 year low of $128.32 and a 1 year high of $205.77.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.19. Leidos had a return on equity of 32.95% and a net margin of 8.43%.The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business posted $2.37 EPS. Leidos’s revenue for the quarter was down 3.6% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.0%. Leidos’s payout ratio is presently 15.45%.

Insider Activity

In other news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider owned 38,575 shares of the company’s stock, valued at $7,414,500.75. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is owned by corporate insiders.

About Leidos

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.