Rakuten Investment Management Inc. Buys New Position in Leidos Holdings, Inc. $LDOS

Rakuten Investment Management Inc. bought a new stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,219 shares of the aerospace company’s stock, valued at approximately $2,031,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDOS. Bryn Mawr Trust Advisors LLC boosted its holdings in shares of Leidos by 4.8% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock valued at $241,000 after acquiring an additional 61 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Leidos by 19.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company’s stock valued at $69,000 after acquiring an additional 62 shares during the period. Keybank National Association OH raised its holdings in Leidos by 3.6% during the fourth quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock worth $335,000 after purchasing an additional 65 shares in the last quarter. Glenmede Investment Management LP raised its holdings in Leidos by 3.2% during the third quarter. Glenmede Investment Management LP now owns 2,240 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 69 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in Leidos by 0.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,635 shares of the aerospace company’s stock worth $1,377,000 after purchasing an additional 70 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on Leidos from $152.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 12th. Royal Bank Of Canada cut their price objective on Leidos from $180.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. BNP Paribas Exane raised their target price on Leidos from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Citigroup lifted their target price on Leidos from $138.00 to $161.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $162.93.

Leidos Trading Down 0.0%

Leidos stock opened at $140.59 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.60 and a current ratio of 1.63. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52. Leidos Holdings, Inc. has a 1 year low of $98.86 and a 1 year high of $205.77. The firm’s 50 day moving average price is $119.90 and its two-hundred day moving average price is $139.03.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.35. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. Leidos had a return on equity of 30.81% and a net margin of 7.80%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $3.21 EPS. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. On average, research analysts predict that Leidos Holdings, Inc. will post 12.38 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.43 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. Leidos’s dividend payout ratio (DPR) is 16.04%.

Leidos declared that its board has authorized a stock repurchase program 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 programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Leidos

In related news, Director Noel B. Geer sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the transaction, the director owned 34,274 shares in the company, valued at $4,820,980.84. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by company insiders.

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.