Swiss National Bank Acquires 22,400 Shares of Leidos Holdings, Inc. $LDOS

Swiss National Bank increased its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 6.7% during the first quarter, Holdings Channel reports. The firm owned 356,400 shares of the aerospace company’s stock after acquiring an additional 22,400 shares during the quarter. Swiss National Bank’s holdings in Leidos were worth $55,427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Focus Partners Wealth grew its holdings in Leidos by 46.5% during the 1st quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock valued at $415,000 after buying an additional 976 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Leidos by 86.3% in the second quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock worth $2,248,000 after buying an additional 6,600 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Leidos by 2.7% during the second quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock worth $536,000 after acquiring an additional 90 shares during the last quarter. Cerity Partners LLC grew its stake in Leidos by 20.2% during the second quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock valued at $6,532,000 after acquiring an additional 6,962 shares in the last quarter. Finally, Natixis grew its stake in Leidos by 222.3% during the second quarter. Natixis now owns 8,155 shares of the aerospace company’s stock valued at $1,287,000 after acquiring an additional 5,625 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors.

Leidos Stock Down 2.1%

Shares of NYSE:LDOS opened at $104.77 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 12 month low of $98.86 and a 12 month high of $205.77. The company has a 50-day moving average price of $115.21 and a 200 day moving average price of $150.93. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.57 and a beta of 0.54.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities research analysts predict that Leidos Holdings, Inc. will post 12.3 earnings per share for the current year.

Leidos Announces Dividend

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

Insider Buying and Selling at Leidos

In related news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction 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 represents a 12.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LDOS. The Goldman Sachs Group decreased their price target on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company set a $125.00 target price on Leidos in a report on Wednesday, June 17th. Jefferies Financial Group decreased their target price on Leidos from $140.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. Stifel Nicolaus dropped their price target on Leidos from $205.00 to $193.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on Leidos from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $163.80.

Leidos Profile

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.