Leidos Holdings Inc. (LDOS) Short Interest Update
Leidos Holdings Inc. (NYSE:LDOS) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 5,156,932 shares, a decrease of 32.9% from the August 31st total of 7,683,700 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,370,584 shares, the short-interest ratio is presently 2.2 days.
In other news, Director Surya N. Mohapatra purchased 3,575 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was acquired at an average price of $41.48 per share, with a total value of $148,291.00. Following the transaction, the director now directly owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently modified their holdings of LDOS. PineBridge Investments L.P. bought a new stake in shares of Leidos Holdings during the second quarter worth about $105,000. Advisor Group Inc. bought a new stake in shares of Leidos Holdings during the second quarter worth about $125,000. Catalyst Capital Advisors LLC bought a new stake in shares of Leidos Holdings during the second quarter worth about $134,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of Leidos Holdings by 54.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,125 shares of the company’s stock worth $150,000 after buying an additional 1,100 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Leidos Holdings by 71.4% in the second quarter. LS Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $187,000 after buying an additional 1,624 shares in the last quarter. 61.04% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on LDOS shares. Zacks Investment Research raised shares of Leidos Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, August 23rd. Argus started coverage on shares of Leidos Holdings in a research report on Wednesday, September 7th. They set a “buy” rating and a $54.00 price target for the company. Citigroup Inc. started coverage on shares of Leidos Holdings in a research report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company. Jefferies Group reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.71.
Leidos Holdings (NYSE:LDOS) opened at 42.07 on Friday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.06 and a beta of 1.38. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $59.52. The company has a 50 day moving average of $41.73 and a 200 day moving average of $47.36.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.05. Leidos Holdings had a net margin of 5.13% and a return on equity of 20.06%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Leidos Holdings will post $3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, September 16th. Leidos Holdings’s dividend payout ratio is currently 35.56%.
Leidos Holdings Company Profile
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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