Systematic Financial Management LP Purchases Shares of 38,840 Leidos Holdings Inc. (LDOS)
Systematic Financial Management LP purchased a new stake in shares of Leidos Holdings Inc. (NYSE:LDOS) during the second quarter, Holdings Channel reports. The fund purchased 38,840 shares of the company’s stock, valued at approximately $1,859,000. Systematic Financial Management LP owned approximately 0.05% of Leidos Holdings as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its position in shares of Leidos Holdings by 21.8% in the second quarter. Teacher Retirement System of Texas now owns 9,166 shares of the company’s stock worth $439,000 after buying an additional 1,638 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Leidos Holdings by 136.9% in the second quarter. Coldstream Capital Management Inc. now owns 14,633 shares of the company’s stock worth $700,000 after buying an additional 8,456 shares during the period. Eos Focused Equity Management L.P. boosted its position in shares of Leidos Holdings by 15.0% in the second quarter. Eos Focused Equity Management L.P. now owns 35,300 shares of the company’s stock worth $1,690,000 after buying an additional 4,605 shares during the period. SECOR Capital Advisors LP bought a new position in shares of Leidos Holdings during the second quarter worth about $424,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Leidos Holdings by 3.0% in the second quarter. UBS Asset Management Americas Inc. now owns 66,148 shares of the company’s stock worth $3,166,000 after buying an additional 1,926 shares during the period. Institutional investors and hedge funds own 61.14% of the company’s stock.
Shares of Leidos Holdings Inc. (NYSE:LDOS) traded down 0.31% during midday trading on Tuesday, reaching $42.01. The company had a trading volume of 352,579 shares. The stock’s 50 day moving average is $43.54 and its 200-day moving average is $47.80. Leidos Holdings Inc. has a 12-month low of $37.79 and a 12-month high of $59.52. The stock has a market capitalization of $3.06 billion, a PE ratio of 11.04 and a beta of 1.53.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The firm earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Leidos Holdings Inc. will post $3.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. Leidos Holdings’s payout ratio is 35.56%.
LDOS has been the topic of a number of recent analyst reports. Zacks Investment Research cut Leidos Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Wells Fargo & Co. restated a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Jefferies Group restated a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Credit Suisse Group AG raised their target price on Leidos Holdings from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Finally, Citigroup Inc. started coverage on Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.71.
In related news, Director Surya N. Mohapatra purchased 3,575 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of $41.48 per share, with a total value of $148,291.00. Following the completion of the purchase, the director now owns 6,143 shares in the company, valued at approximately $254,811.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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