Cubist Systematic Strategies LLC Increases Position in Leidos Holdings, Inc. (LDOS)

Cubist Systematic Strategies LLC increased its position in Leidos Holdings, Inc. (NYSE:LDOS) by 249.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,679 shares of the aerospace company’s stock after purchasing an additional 21,900 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Leidos Holdings were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Leidos Holdings by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 44 shares during the period. Oppenheimer Asset Management Inc. increased its position in Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,254 shares during the period. Hanseatic Management Services Inc. acquired a new stake in Leidos Holdings in the second quarter worth about $174,000. Finally, Meeder Asset Management Inc. acquired a new stake in Leidos Holdings in the first quarter worth about $189,000. Hedge funds and other institutional investors own 74.54% of the company’s stock.

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Leidos Holdings, Inc. (NYSE LDOS) traded down 0.11% during trading on Wednesday, hitting $62.08. The stock had a trading volume of 17,022 shares. The stock has a 50 day moving average of $58.27 and a 200 day moving average of $54.71. The firm has a market capitalization of $9.39 billion, a P/E ratio of 27.81 and a beta of 1.72. Leidos Holdings, Inc. has a one year low of $40.96 and a one year high of $62.66.

Leidos Holdings (NYSE:LDOS) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.77 by $0.27. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company’s quarterly revenue was up 99.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Equities research analysts expect that Leidos Holdings, Inc. will post $3.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.06%. Leidos Holdings’s dividend payout ratio is currently 55.65%.

A number of brokerages have issued reports on LDOS. Cowen and Company restated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and set a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. ValuEngine upgraded Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Saturday, August 5th. Ten analysts have rated the stock with a buy rating, Leidos Holdings has a consensus rating of “Buy” and an average price target of $64.33.

In other news, VP Jerald S. Howe, Jr. purchased 2,000 shares of the stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the completion of the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at $110,640. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About Leidos Holdings

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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Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

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