Traders Purchase High Volume of Call Options on Leidos (LDOS)

Leidos Holdings, Inc. (NYSE:LDOS) was the recipient of some unusual options trading on Monday. Stock investors purchased 12,066 call options on the company. This is an increase of 1,118% compared to the typical volume of 991 call options.

In other Leidos news, Director John P. Jumper sold 61,212 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.06, for a total transaction of $3,921,240.72. Following the completion of the transaction, the director now directly owns 306,709 shares of the company’s stock, valued at approximately $19,647,778.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDOS. Royal Bank of Canada lifted its holdings in shares of Leidos by 183.6% in the second quarter. Royal Bank of Canada now owns 51,411 shares of the aerospace company’s stock valued at $2,657,000 after purchasing an additional 33,284 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Leidos in the second quarter valued at $16,934,000. State Street Corp lifted its holdings in shares of Leidos by 20.5% in the second quarter. State Street Corp now owns 4,560,128 shares of the aerospace company’s stock valued at $235,717,000 after purchasing an additional 776,462 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Leidos by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 211,864 shares of the aerospace company’s stock valued at $10,951,000 after purchasing an additional 5,363 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Leidos by 1.5% in the second quarter. California State Teachers Retirement System now owns 270,249 shares of the aerospace company’s stock valued at $13,969,000 after purchasing an additional 4,052 shares in the last quarter. Institutional investors own 73.12% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub lowered Leidos from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Wells Fargo & Co raised Leidos from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a research note on Wednesday, October 25th. Cowen reissued a “buy” rating and set a $68.00 price objective on shares of Leidos in a research note on Thursday, November 2nd. Finally, Citigroup raised their price objective on Leidos from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Leidos has an average rating of “Buy” and a consensus price target of $69.33.

Leidos (NYSE:LDOS) traded up $1.11 on Wednesday, hitting $65.73. The stock had a trading volume of 585,323 shares, compared to its average volume of 830,695. The stock has a market capitalization of $9,733.52, a price-to-earnings ratio of 32.38, a P/E/G ratio of 1.61 and a beta of 1.63. Leidos has a one year low of $49.84 and a one year high of $68.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 1.03.

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About Leidos

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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