Hanseatic Management Services Inc. Grows Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Hanseatic Management Services Inc. boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 2.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,877 shares of the aerospace company’s stock after purchasing an additional 110 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Leidos were worth $632,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LDOS. Millennium Management LLC boosted its holdings in shares of Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after buying an additional 691,575 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after acquiring an additional 462,792 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Leidos by 24,194.3% during the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after purchasing an additional 375,495 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Leidos by 138.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after purchasing an additional 300,486 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Leidos

In related news, 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 sale, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the sale, the director now owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LDOS shares. The Goldman Sachs Group raised their price target on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup increased their price target on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.23.

Leidos Stock Performance

Shares of LDOS opened at $194.20 on Thursday. The company has a market capitalization of $25.91 billion, a PE ratio of 22.12, a P/E/G ratio of 1.48 and a beta of 0.68. Leidos Holdings, Inc. has a 52-week low of $102.21 and a 52-week high of $198.99. The company has a 50-day simple moving average of $165.11 and a 200-day simple moving average of $152.75. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

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

Leidos Increases Dividend

The company 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 $0.40 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Leidos’s previous quarterly dividend of $0.38. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Leidos 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.