The Vanguard Group, Inc. recently announced the acquisition of new stake in Leidos Holdings Inc. (NYSE:LDOS). The institutional investor has increased its shareholding in the Technology company by 1.62% to 14.77 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 10.78% valued currently at $1.38 billion. In addition, Wellington Management Co. LLP raised its holdings by 0.39 million to 5.1 million shares. And Victory Capital Management, Inc. has lifted its position by 0.32% or 14243.0 shares – to 4.42 million shares.
With over 1.24 million Leidos Holdings Inc. (LDOS) shares trading Tuesday and a closing price of $81.08 on the day, the dollar volume was approximately $100.81 million. The shares have shown a negative half year performance of -23.73% and its price on 05/23/23 gained nearly 1.34%. Currently, there are 137.00M common shares owned by the public and among those 135.44M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for LDOS have a consensus price objective of $104.57. The analysts have set the share’s price value over the next 12 months at a high of $125.00 and a low of $87.00. The average price target is 21.66% above its recent price level and an upside to the estimated low will see the stock gain 6.8% over that period. But an upside of 35.14% will see the stock hit the forecast high price target while median target price for the stock is $104.50.
Insiders at the company have transacted a total of 181 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 86 of these insider trades were purchases, accounting for 445,144 shares. Insider sales of the common stock occurred on 95 occasions, with total insider shares sold totaling 339,350 shares.
The top 3 mutual fund holders in Leidos Holdings Inc. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and BlackRock Equity Dividend Fund. Vanguard Total Stock Market ETF owns 4.24 million shares of the company’s stock, all valued at over $395.6 million. The company bought an additional 40944.0 shares recently to bring their total holdings to about 3.10% of the shares outstanding. Vanguard 500 Index Fund bought 17555.0 shares to see its total holdings expand to 3.19 million shares valued at over $297.6 million and representing 2.33% of the shares outstanding. BlackRock Equity Dividend Fund bought 0.16 million shares to bring its total holdings to over 2.94 million shares at a value of $274.6 million. BlackRock Equity Dividend Fund now owns shares totaling to 2.15% of the shares outstanding.
Shares of Leidos Holdings Inc. (NYSE: LDOS) opened at $81.50, up $1.49 from a prior closing price of $80.01. However, the script later moved the day high at 82.18, up 1.34%. The company’s stock has a 5-day price change of 5.41% and -19.03% over the past three months. LDOS shares are trading -22.92% year to date (YTD), with the 12-month market performance down to -19.40% lower. It has a 12-month low price of $76.58 and touched a high of $110.91 over the same period. LDOS has an average intraday trading volume of 1.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.72%, -8.07%, and -15.99% respectively.
Institutional ownership of Leidos Holdings Inc. (NYSE: LDOS) shares accounts for 78.60% of the company’s 137.00M shares outstanding. Mutual fund holders own 30.14%, while other institutional holders and individual stakeholders account for 48.03% and 2.08% respectively.
It has a market capitalization of $11.20B and a beta (3y monthly) value of 0.79. The stock’s trailing 12-month PE ratio is 16.65, while the earnings-per-share (ttm) stands at $4.87. The company has a PEG of 2.54 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 1.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.32% over the week and 2.74% over the month.
Analysts forecast that Leidos Holdings Inc. (LDOS) will achieve an EPS of $1.59 for the current quarter, $1.7 for the next quarter and $7.33 for 2024. The lowest estimate earnings-per-share for the quarter is $1.51 while analysts give the company a high EPS estimate of $1.66. Comparatively, EPS for the current quarter was $1.59 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.70%, and 11.35% over the next financial year. EPS should shrink at an annualized rate of 6.55% over the next five years, compared to 24.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Leidos Holdings Inc. (LDOS) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 8 of the 17 advise that investors “hold,” and 0 rated it as a “Sell.”
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