Municipal Employees Retirement System of Michigan Sells 10,820 Shares of Leidos Holdings, Inc. (LDOS)

Municipal Employees Retirement System of Michigan decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 16.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,380 shares of the aerospace company’s stock after selling 10,820 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Leidos Holdings were worth $2,863,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Leidos Holdings by 12,635.3% in the first quarter. BlackRock Inc. now owns 11,369,840 shares of the aerospace company’s stock valued at $581,454,000 after buying an additional 11,280,562 shares during the period. FMR LLC raised its stake in shares of Leidos Holdings by 76.7% in the first quarter. FMR LLC now owns 4,725,860 shares of the aerospace company’s stock valued at $241,680,000 after buying an additional 2,051,894 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Leidos Holdings by 4.1% in the first quarter. Vanguard Group Inc. now owns 12,387,893 shares of the aerospace company’s stock valued at $633,517,000 after buying an additional 483,615 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Leidos Holdings by 31.6% in the first quarter. Schroder Investment Management Group now owns 1,538,906 shares of the aerospace company’s stock valued at $78,977,000 after buying an additional 369,880 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Leidos Holdings by 5.7% in the first quarter. Boston Partners now owns 6,749,196 shares of the aerospace company’s stock valued at $345,155,000 after buying an additional 364,578 shares during the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Shares of Leidos Holdings, Inc. (NYSE:LDOS) opened at 55.34 on Friday. The company has a market capitalization of $8.37 billion, a PE ratio of 24.79 and a beta of 1.73. The company’s 50-day moving average is $54.11 and its 200-day moving average is $53.15. Leidos Holdings, Inc. has a one year low of $39.26 and a one year high of $57.76.

Leidos Holdings (NYSE:LDOS) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 99.6% on a year-over-year basis. Equities analysts predict that Leidos Holdings, Inc. will post $3.55 earnings per share for the current year.

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Several equities research analysts have commented on LDOS shares. Cowen and Company raised their price target on shares of Leidos Holdings from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Zacks Investment Research lowered shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub lowered shares of Leidos Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $52.00 price target on shares of Leidos Holdings in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.30.

Leidos Holdings Company Profile

Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.

Institutional Ownership by Quarter for Leidos Holdings (NYSE:LDOS)

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