iA Global Asset Management Inc. Purchases 920 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

iA Global Asset Management Inc. increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 16.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,544 shares of the aerospace company’s stock after purchasing an additional 920 shares during the period. iA Global Asset Management Inc.’s holdings in Leidos were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballentine Partners LLC increased its stake in shares of Leidos by 3.5% in the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock worth $297,000 after acquiring an additional 62 shares in the last quarter. Key Financial Inc grew its holdings in Leidos by 6.5% in the second quarter. Key Financial Inc now owns 1,141 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 70 shares during the period. Asahi Life Asset Management CO. LTD. increased its stake in shares of Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after purchasing an additional 70 shares in the last quarter. Somerset Trust Co lifted its holdings in shares of Leidos by 3.5% during the third quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after purchasing an additional 83 shares during the last quarter. Finally, Apella Capital LLC boosted its position in shares of Leidos by 0.8% in the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock worth $1,878,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

Shares of LDOS opened at $160.31 on Tuesday. The firm has a fifty day simple moving average of $171.76 and a two-hundred day simple moving average of $157.54. The firm has a market cap of $21.39 billion, a PE ratio of 18.26, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 1-year low of $105.52 and a 1-year high of $202.90.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. Leidos’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 business earned $2.03 earnings per share. On average, equities analysts anticipate that Leidos Holdings, Inc. will post 10.04 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 16th. Leidos’s dividend payout ratio is 17.31%.

Insider Activity at Leidos

In other news, Director Noel B. Geer bought 2,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. This represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LDOS shares. Barclays raised their price objective on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Robert W. Baird raised their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Leidos from $145.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial decreased their target price on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Leidos currently has a consensus rating of “Moderate Buy” and an average target price of $187.36.

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.