Published On: Thu, Sep 15th, 2016

Leidos Holdings Inc. (LDOS) Director Buys $148,291.00 in Stock

Leidos Holdings Inc. (NYSE:LDOS) Director Surya N. Mohapatra purchased 3,575 shares of Leidos Holdings stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average cost of $41.48 per share, for a total transaction of $148,291.00. Following the completion of the transaction, the director now directly owns 6,143 shares in the company, valued at approximately $254,811.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Leidos Holdings Inc. (NYSE:LDOS) opened at 41.33 on Thursday. The stock has a 50 day moving average price of $44.32 and a 200-day moving average price of $47.83. Leidos Holdings Inc. has a one year low of $37.79 and a one year high of $59.52. The company has a market capitalization of $3.01 billion, a P/E ratio of 10.86 and a beta of 1.53.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, July 28th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.05. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The firm earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Leidos Holdings Inc. will post $3.15 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, September 16th. Leidos Holdings’s payout ratio is currently 35.56%.
LDOS has been the topic of a number of recent analyst reports. Citigroup Inc. initiated coverage on Leidos Holdings in a research report on Tuesday, September 6th. They issued a “buy” rating and a $47.00 target price on the stock. Zacks Investment Research lowered Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Leidos Holdings in a research report on Monday, July 11th. Jefferies Group reaffirmed a “hold” rating on shares of Leidos Holdings in a research report on Monday, August 1st. Finally, Argus initiated coverage on Leidos Holdings in a research report on Wednesday, September 7th. They issued a “buy” rating and a $54.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.71.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pioneer Investment Management Inc. purchased a new position in shares of Leidos Holdings during the fourth quarter valued at $2,353,000. Norges Bank bought a new position in shares of Leidos Holdings during the fourth quarter worth approximately $44,246,000. Acadian Asset Management LLC raised its position in shares of Leidos Holdings by 191.2% in the first quarter. Acadian Asset Management LLC now owns 1,539,508 shares of the company’s stock worth $77,467,000 after buying an additional 1,010,771 shares in the last quarter. Alpha Windward LLC raised its position in shares of Leidos Holdings by 22.5% in the first quarter. Alpha Windward LLC now owns 10,126 shares of the company’s stock worth $510,000 after buying an additional 1,860 shares in the last quarter. Finally, Ronna Sue Cohen raised its position in shares of Leidos Holdings by 0.6% in the first quarter. Ronna Sue Cohen now owns 10,493 shares of the company’s stock worth $528,000 after buying an additional 66 shares in the last quarter. 61.14% of the stock is currently owned by institutional investors.
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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