Headlands Technologies LLC Has $3.99 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Headlands Technologies LLC boosted its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 333.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,670 shares of the aerospace company’s stock after acquiring an additional 21,289 shares during the quarter. Headlands Technologies LLC’s holdings in Leidos were worth $3,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LDOS. Cerity Partners LLC increased its stake in shares of Leidos by 86.4% in the third quarter. Cerity Partners LLC now owns 14,863 shares of the aerospace company’s stock valued at $2,423,000 after buying an additional 6,888 shares during the period. D.A. Davidson & CO. acquired a new stake in Leidos during the 3rd quarter valued at approximately $230,000. CreativeOne Wealth LLC bought a new position in Leidos during the 3rd quarter worth approximately $247,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Leidos by 4.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,367 shares of the aerospace company’s stock worth $4,950,000 after purchasing an additional 1,262 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Leidos by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 807,688 shares of the aerospace company’s stock valued at $131,653,000 after purchasing an additional 31,619 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of NYSE:LDOS opened at $135.16 on Tuesday. Leidos Holdings, Inc. has a 1-year low of $123.23 and a 1-year high of $202.90. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 0.91. The stock has a market cap of $17.33 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock’s fifty day simple moving average is $137.11 and its two-hundred day simple moving average is $153.52.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, March 14th. Leidos’s payout ratio is 17.32%.

Insider Buying and Selling

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Leidos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th. William Blair downgraded Leidos from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. UBS Group decreased their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Cantor Fitzgerald raised Leidos to a “strong-buy” rating in a research note on Tuesday, February 25th. Finally, TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and reduced their price target for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.07.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.