Janney Montgomery Scott LLC Has $2.05 Million Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Janney Montgomery Scott LLC cut its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,971 shares of the aerospace company’s stock after selling 308 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Leidos were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Leidos in the fourth quarter worth $28,000. Itau Unibanco Holding S.A. acquired a new position in shares of Leidos during the 3rd quarter valued at about $30,000. Lindbrook Capital LLC raised its stake in shares of Leidos by 209.0% in the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Leidos in the 4th quarter worth approximately $35,000. Finally, Friedenthal Financial bought a new stake in Leidos during the fourth quarter worth approximately $43,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LDOS has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Leidos from $120.00 to $140.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 1st. Bank of America boosted their target price on shares of Leidos from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. TheStreet raised Leidos from a “c” rating to a “b” rating in a research report on Tuesday, February 13th. Barclays boosted their price objective on Leidos from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Argus raised their price objective on shares of Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and an average price target of $145.67.

Insider Activity

In other Leidos news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director David G. Fubini sold 7,874 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roy E. Stevens sold 875 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the transaction, the insider now owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Leidos Price Performance

Leidos stock opened at $151.15 on Friday. The business has a 50 day simple moving average of $134.96 and a 200 day simple moving average of $120.76. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.35 and a quick ratio of 1.24. The company has a market capitalization of $20.44 billion, a PE ratio of 65.15, a price-to-earnings-growth ratio of 1.59 and a beta of 0.66. Leidos Holdings, Inc. has a one year low of $77.91 and a one year high of $151.32.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. Leidos had a return on equity of 25.66% and a net margin of 2.04%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the business earned $1.47 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Leidos Holdings, Inc. will post 8.59 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, June 14th. Leidos’s payout ratio is 65.52%.

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.