BTC Capital Management Inc. Makes New $6.26 Million Investment in Leidos Holdings, Inc. $LDOS

BTC Capital Management Inc. bought a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 33,139 shares of the aerospace company’s stock, valued at approximately $6,262,000.

Several other institutional investors also recently added to or reduced their stakes in LDOS. Focus Partners Wealth raised its position in Leidos by 46.5% in the first quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 976 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in Leidos by 9.5% in the second quarter. Apollon Wealth Management LLC now owns 1,679 shares of the aerospace company’s stock valued at $265,000 after acquiring an additional 146 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Leidos by 17.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,177 shares of the aerospace company’s stock worth $2,238,000 after buying an additional 2,145 shares during the last quarter. CWM LLC boosted its position in shares of Leidos by 86.1% in the 2nd quarter. CWM LLC now owns 11,928 shares of the aerospace company’s stock worth $1,882,000 after purchasing an additional 5,517 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Leidos by 81.4% during the second quarter. Sequoia Financial Advisors LLC now owns 2,714 shares of the aerospace company’s stock worth $428,000 after buying an additional 1,218 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Cantor Fitzgerald upped their price target on Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Truist Financial restated a “buy” rating and issued a $220.00 price target (up previously from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Stifel Nicolaus reissued a “hold” rating and set a $220.00 target price on shares of Leidos in a research note on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $230.00 price target on shares of Leidos in a research report on Wednesday, November 5th. Finally, Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.09.

Insider Activity at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the transaction, the insider owned 38,575 shares in the company, valued at approximately $7,414,500.75. This represents a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is owned by corporate insiders.

Leidos Trading Up 2.6%

NYSE LDOS opened at $175.90 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $188.17 and a 200 day simple moving average of $186.19. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. The firm has a market capitalization of $22.49 billion, a P/E ratio of 16.41, a PEG ratio of 1.19 and a beta of 0.59.

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.