Leidos Holdings, Inc. $LDOS Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 31.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,411 shares of the aerospace company’s stock after acquiring an additional 6,963 shares during the quarter. QRG Capital Management Inc.’s holdings in Leidos were worth $4,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new position in Leidos in the 1st quarter valued at approximately $4,209,000. New York State Teachers Retirement System raised its holdings in Leidos by 1.2% during the first quarter. New York State Teachers Retirement System now owns 125,537 shares of the aerospace company’s stock worth $19,524,000 after purchasing an additional 1,432 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Leidos by 503.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 35,298 shares of the aerospace company’s stock worth $5,490,000 after purchasing an additional 29,451 shares in the last quarter. Leonteq Securities AG boosted its position in Leidos by 5.0% during the first quarter. Leonteq Securities AG now owns 5,358 shares of the aerospace company’s stock worth $833,000 after purchasing an additional 256 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Leidos in the first quarter valued at $527,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Insider Transactions at Leidos

In related news, insider Elizabeth A. Porter sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total transaction of $317,560.00. Following the transaction, the insider owned 49,476 shares of the company’s stock, valued at approximately $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the sale, the director owned 10,137 shares in the company, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America restated a “neutral” rating and issued a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Wall Street Zen upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research report on Tuesday, June 30th. Stifel Nicolaus reduced their price target on shares of Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Citigroup lowered their price target on shares of Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.08.

Leidos Stock Down 0.2%

Shares of NYSE:LDOS opened at $108.58 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 52-week low of $98.86 and a 52-week high of $205.77. The stock’s fifty day simple moving average is $122.85 and its 200-day simple moving average is $157.43. The company has a market capitalization of $13.66 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.60 and a beta of 0.54.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 earnings per share. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts forecast that Leidos Holdings, Inc. will post 12.26 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Leidos’s dividend payout ratio (DPR) is currently 15.75%.

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.