OneDigital Investment Advisors LLC Has $874,000 Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

OneDigital Investment Advisors LLC raised its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 82.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,359 shares of the aerospace company’s stock after buying an additional 2,416 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Leidos were worth $874,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. increased its stake in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Leidos during the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Leidos in the third quarter valued at $30,000. 1832 Asset Management L.P. bought a new position in Leidos in the second quarter worth $34,000. Finally, Blue Trust Inc. boosted its stake in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after buying an additional 201 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares of the company’s stock, valued at $3,899,594.97. The trade was a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Leidos Stock Down 0.4 %

NYSE:LDOS opened at $158.28 on Wednesday. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.08 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The stock’s fifty day moving average price is $169.66 and its two-hundred day moving average price is $155.76. Leidos Holdings, Inc. has a 52-week low of $104.72 and a 52-week high of $202.90.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.97. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 earnings per share. On average, analysts anticipate that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. Leidos’s payout ratio is currently 17.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LDOS shares. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Citigroup boosted their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Bank of America increased their price objective on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Leidos currently has an average rating of “Moderate Buy” and an average price target of $191.23.

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.