Leidos Holdings, Inc. (NYSE:LDOS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,056 shares of the aerospace company’s stock after buying an additional 1,689 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Leidos were worth $4,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC grew its holdings in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after purchasing an additional 522,764 shares during the period. JPMorgan Chase & Co. raised its stake in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock worth $571,216,000 after purchasing an additional 405,256 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $40,402,000. Van ECK Associates Corp grew its stake in shares of Leidos by 39.9% during the 4th quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock valued at $121,223,000 after buying an additional 239,846 shares during the period. Finally, Barclays PLC increased its holdings in shares of Leidos by 53.1% during the 3rd quarter. Barclays PLC now owns 576,022 shares of the aerospace company’s stock worth $93,891,000 after buying an additional 199,686 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Wall Street Analyst Weigh In

LDOS has been the topic of a number of research analyst reports. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Truist Financial dropped their target price on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and reduced their price target for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Finally, UBS Group dropped their price objective on shares of Leidos from $162.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average target price of $175.87.

Insider Activity

In other news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Leidos Trading Up 1.3 %

NYSE:LDOS opened at $134.59 on Friday. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The business’s 50-day simple moving average is $140.42 and its 200 day simple moving average is $155.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $17.65 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, March 14th. Leidos’s payout ratio is currently 17.32%.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.