Leidos Holdings Inc (LDOS) Stake Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Leidos Holdings Inc (NYSE:LDOS) by 27.9% during the third quarter, HoldingsChannel reports. The firm owned 9,301 shares of the aerospace company’s stock after selling 3,608 shares during the period. Oppenheimer & Co. Inc.’s holdings in Leidos were worth $643,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LDOS. FMR LLC raised its stake in shares of Leidos by 30.3% in the 2nd quarter. FMR LLC now owns 13,424,963 shares of the aerospace company’s stock valued at $792,073,000 after purchasing an additional 3,122,237 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of Leidos by 344,305.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,725,469 shares of the aerospace company’s stock valued at $101,803,000 after purchasing an additional 1,724,968 shares in the last quarter. Boston Partners raised its stake in shares of Leidos by 14.4% in the 2nd quarter. Boston Partners now owns 5,468,842 shares of the aerospace company’s stock valued at $322,662,000 after purchasing an additional 687,970 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 56.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,728,874 shares of the aerospace company’s stock valued at $119,568,000 after purchasing an additional 621,080 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its stake in shares of Leidos by 1,319.2% in the 2nd quarter. Standard Life Aberdeen plc now owns 293,157 shares of the aerospace company’s stock valued at $17,298,000 after purchasing an additional 272,501 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

LDOS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Leidos from a “sell” rating to a “hold” rating in a research note on Friday, July 27th. ValuEngine upgraded shares of Leidos from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Cowen restated a “buy” rating and issued a $77.00 target price on shares of Leidos in a research note on Wednesday, October 17th. Finally, Argus cut their target price on shares of Leidos from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.13.

LDOS opened at $63.51 on Wednesday. The stock has a market cap of $9.35 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.61. Leidos Holdings Inc has a fifty-two week low of $57.50 and a fifty-two week high of $72.30. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Thursday, October 25th. The aerospace company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. Leidos had a net margin of 5.04% and a return on equity of 18.67%. Sell-side analysts predict that Leidos Holdings Inc will post 4.36 earnings per share for the current fiscal year.

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About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets primarily in the United States. The company operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Institutional Ownership by Quarter for Leidos (NYSE:LDOS)

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