Marshall Wace North America L.P. increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 1,286.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,404 shares of the aerospace company’s stock after buying an additional 152,548 shares during the period. Marshall Wace North America L.P. owned about 0.11% of Leidos Holdings worth $8,549,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Tower Bridge Advisors bought a new position in shares of Leidos Holdings during the first quarter worth approximately $7,786,000. DekaBank Deutsche Girozentrale bought a new position in shares of Leidos Holdings during the first quarter worth approximately $247,000. 361 Capital LLC increased its position in shares of Leidos Holdings by 485.7% in the first quarter. 361 Capital LLC now owns 91,705 shares of the aerospace company’s stock worth $4,690,000 after buying an additional 76,049 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of Leidos Holdings by 0.9% in the first quarter. State Treasurer State of Michigan now owns 58,048 shares of the aerospace company’s stock worth $2,969,000 after buying an additional 500 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Leidos Holdings by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 83,436 shares of the aerospace company’s stock worth $4,264,000 after buying an additional 3,538 shares in the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.
Shares of Leidos Holdings, Inc. (NYSE:LDOS) opened at 55.86 on Friday. Leidos Holdings, Inc. has a 1-year low of $39.51 and a 1-year high of $57.76. The stock has a market cap of $8.45 billion, a PE ratio of 25.03 and a beta of 1.73. The company’s 50-day moving average price is $54.59 and its 200 day moving average price is $53.39.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 99.6% compared to the same quarter last year. Equities analysts forecast that Leidos Holdings, Inc. will post $3.55 EPS for the current fiscal year.
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LDOS has been the subject of several recent analyst reports. Cowen and Company restated an “outperform” rating and set a $66.00 target price (up previously from $62.00) on shares of Leidos Holdings in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $61.00 to $68.00 in a research note on Thursday, August 10th. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC restated a “hold” rating and set a $52.00 target price on shares of Leidos Holdings in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Leidos Holdings has an average rating of “Buy” and an average target price of $59.30.
In other news, VP Jerald S. Howe, Jr. purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the purchase, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $110,640. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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