California Public Employees Retirement System Decreases Position in Leidos Holdings, Inc. $LDOS

California Public Employees Retirement System trimmed its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 2.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 374,509 shares of the aerospace company’s stock after selling 9,816 shares during the period. California Public Employees Retirement System’s holdings in Leidos were worth $58,244,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LDOS. Longview Financial Advisors Inc. purchased a new position in shares of Leidos in the 1st quarter valued at approximately $26,000. JFS Wealth Advisors LLC lifted its stake in shares of Leidos by 77.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 151 shares of the aerospace company’s stock worth $27,000 after buying an additional 66 shares during the period. Hantz Financial Services Inc. raised its stake in Leidos by 94.7% in the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Leidos during the 4th quarter valued at about $28,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Leidos by 110.5% in the fourth quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LDOS. Weiss Ratings downgraded shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. TD Cowen lowered their price target on shares of Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Argus raised Leidos to a “strong-buy” rating in a research report on Tuesday, March 31st. Wells Fargo & Company set a $125.00 price objective on Leidos in a report on Wednesday, June 17th. Finally, The Goldman Sachs Group dropped their target price on Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $163.80.

Leidos Price Performance

NYSE:LDOS opened at $106.51 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. Leidos Holdings, Inc. has a 52 week low of $98.86 and a 52 week high of $205.77. The stock’s 50-day moving average price is $116.09 and its 200-day moving average price is $152.00. The stock has a market capitalization of $13.40 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.54.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the business posted $2.97 earnings per share. Leidos’s revenue for the quarter was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, equities analysts expect that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal year.

Leidos Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. Leidos’s dividend payout ratio is presently 15.75%.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the sale, the director directly owned 10,137 shares in the company, valued at $1,345,686.75. This represents a 12.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by corporate insiders.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.