Texas Permanent School Fund Corp Lowers Position in Leidos Holdings, Inc. (NYSE:LDOS)

Texas Permanent School Fund Corp lessened its stake in Leidos Holdings, Inc. ( NYSE:LDOS – Free Report ) by 22.4% during the 2nd quarter, according to its most recent disclosure with the SEC.

The institutional investor owned 22,053 shares of the aerospace company’s stock after selling 6,371 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Leidos were worth $3,217,000 at the end of the most recent reporting period. Several other hedge funds have also recently modified their holdings of LDOS.



Choreo LLC lifted its position in Leidos by 13.8% during the second quarter. Choreo LLC now owns 3,116 shares of the aerospace company’s stock valued at $454,000 after purchasing an additional 378 shares during the last quarter.

Ballentine Partners LLC grew its position in Leidos by 7.3% in the second quarter. Ballentine Partners LLC now owns 1,760 shares of the aerospace company’s stock worth $257,000 after acquiring an additional 120 shares in the last quarter.

Caprock Group LLC bought a new stake in Leidos during the second quarter worth approximately $413,000. Acadian Asset Management LLC bought a new stake in Leidos during the second quarter worth approximately $37,540,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Leidos during the second quarter valued at approximately $126,000.

Hedge funds and other institutional investors own 76.12% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently commented on LDOS.

Wells Fargo & Company boosted their target price on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st.

Stifel Nicolaus boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 24th.

TD Cowen raised their target price on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st.

Barclays upped their price target on shares of Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th.

Finally, Bank of America boosted their target price on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos has an average rating of “Moderate Buy” and a consensus price target of $163.

08. Insider Transactions at Leidos In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $145.

04 per share, for a total transaction of $248,308.48. Following the completion of the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.

92. The purchase was disclosed in a document filed with the SEC, which is available through this link . In related news, CEO Thomas Arthur Bell acquired 1,712 shares of the stock in a transaction dated Thursday, August 1st.

The stock was acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48.

Following the completion of the purchase, the chief executive officer now owns 22,398 shares of the company’s stock, valued at approximately $3,248,605.92. The purchase was disclosed in a document filed with the SEC, which is available through this link .

Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the business’s stock in a transaction on Thursday, August 1st.

The shares were sold at an average price of $145.23, for a total transaction of $153,798.57.

Following the transaction, the director now owns 7,455 shares of the company’s stock, valued at $1,082,689.65. The disclosure for this sale can be found here .

Insiders own 0.96% of the company’s stock. Leidos Stock Up 0.

9 % Shares of NYSE LDOS opened at $155.50 on Monday. Leidos Holdings, Inc.

has a 12-month low of $89.22 and a 12-month high of $159.10.

The stock’s fifty day simple moving average is $150.50 and its two-hundred day simple moving average is $142.16.

The stock has a market capitalization of $20.95 billion, a PE ratio of 67.03, a price-to-earnings-growth ratio of 1.

37 and a beta of 0.70. The company has a current ratio of 1.

21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91.

Leidos ( NYSE:LDOS – Get Free Report ) last announced its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.

27 by $0.36. Leidos had a net margin of 2.

72% and a return on equity of 28.40%. The company had revenue of $4.

13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the firm earned $1.

80 earnings per share. Leidos’s revenue was up 7.7% compared to the same quarter last year.

As a group, analysts expect that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.38 per share.

The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 0.

98%. Leidos’s payout ratio is currently 65.52%.

Leidos Profile ( Free Report ) Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.

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