Assetmark Inc. Cuts Position in Leidos Holdings, Inc. $LDOS

Assetmark Inc. trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 66.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,668 shares of the aerospace company’s stock after selling 11,252 shares during the period. Assetmark Inc.’s holdings in Leidos were worth $882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Leidos by 3.7% during the 4th quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock valued at $1,086,434,000 after acquiring an additional 217,141 shares during the period. Diamant Asset Management Inc. increased its stake in Leidos by 16,475.4% during the first quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock worth $646,463,000 after purchasing an additional 4,131,706 shares during the period. Geode Capital Management LLC increased its stake in Leidos by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock worth $636,097,000 after purchasing an additional 64,909 shares during the period. Norges Bank acquired a new stake in shares of Leidos during the fourth quarter worth about $318,839,000. Finally, AQR Capital Management LLC boosted its stake in shares of Leidos by 8.2% in the third quarter. AQR Capital Management LLC now owns 1,551,547 shares of the aerospace company’s stock valued at $290,403,000 after purchasing an additional 117,835 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Citigroup dropped their price target on shares of Leidos from $178.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. BNP Paribas Exane started coverage on Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 price objective on the stock. Wall Street Zen upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group decreased their target price on Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. One investment 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. According to data from MarketBeat.com, Leidos has an average rating of “Hold” and an average price target of $163.80.

Leidos Stock Performance

Shares of Leidos stock opened at $112.31 on Friday. The firm has a market capitalization of $14.13 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.64 and a beta of 0.54. 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 firm’s 50 day moving average is $114.33 and its two-hundred day moving average is $149.63.

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

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 15th. Leidos’s dividend payout ratio is currently 15.75%.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $132.75, for a total transaction of $197,001.00. Following the transaction, the director owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

About Leidos

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.