Axxcess Wealth Management LLC Buys 1,555 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Axxcess Wealth Management LLC grew its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 67.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,855 shares of the aerospace company’s stock after buying an additional 1,555 shares during the period. Axxcess Wealth Management LLC’s holdings in Leidos were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LDOS. FMR LLC grew its holdings in Leidos by 27.8% during the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after purchasing an additional 522,764 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Leidos by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company’s stock valued at $571,216,000 after buying an additional 405,256 shares during the period. Raymond James Financial Inc. acquired a new stake in Leidos during the 4th quarter worth $40,402,000. Jupiter Asset Management Ltd. lifted its holdings in Leidos by 625.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 281,452 shares of the aerospace company’s stock worth $40,546,000 after acquiring an additional 242,651 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Leidos by 39.9% in the fourth quarter. Van ECK Associates Corp now owns 841,479 shares of the aerospace company’s stock valued at $121,223,000 after acquiring an additional 239,846 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at $1,478,287.36. This trade represents a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This trade represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LDOS. StockNews.com cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th. Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. TD Cowen lowered shares of Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price target on Leidos from $197.00 to $191.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $178.07.

Leidos Stock Performance

Shares of LDOS stock opened at $133.66 on Friday. The stock has a market cap of $17.14 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a fifty day moving average price of $139.37 and a two-hundred day moving average price of $154.31. Leidos Holdings, Inc. has a one year low of $123.23 and a one year high of $202.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, March 14th. Leidos’s dividend payout ratio is 17.32%.

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.