Busey Bank Boosts Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

Busey Bank lifted its position in Leidos Holdings, Inc. (NYSE:LDOS) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,921 shares of the aerospace company’s stock after purchasing an additional 1,143 shares during the quarter. Busey Bank’s holdings in Leidos were worth $14,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC boosted its holdings in Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company’s stock valued at $297,000 after acquiring an additional 62 shares during the period. Asahi Life Asset Management CO. LTD. boosted its holdings in Leidos by 3.2% during the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 70 shares during the period. Somerset Trust Co boosted its holdings in Leidos by 3.5% during the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company’s stock valued at $396,000 after acquiring an additional 83 shares during the period. Fifth Third Bancorp boosted its holdings in Leidos by 3.2% during the 4th quarter. Fifth Third Bancorp now owns 2,738 shares of the aerospace company’s stock valued at $394,000 after acquiring an additional 86 shares during the period. Finally, Apella Capital LLC boosted its holdings in Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company’s stock valued at $1,878,000 after acquiring an additional 89 shares during the period. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Down 0.9 %

LDOS stock opened at $140.24 on Thursday. Leidos Holdings, Inc. has a twelve month low of $108.97 and a twelve month high of $202.90. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The firm has a market cap of $18.71 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.66. The business has a 50 day moving average of $153.40 and a 200 day moving average of $158.32.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the company earned $2.03 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.03 EPS for the current fiscal year.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. This trade represents a 12.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel B. Geer bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $322,260. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada upped their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.07.

About Leidos

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.S.