Spire Wealth Management Increases Stake in Leidos Holdings, Inc. (NYSE:LDOS)

Spire Wealth Management grew its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 801.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,846 shares of the aerospace company’s stock after buying an additional 7,865 shares during the quarter. Spire Wealth Management’s holdings in Leidos were worth $1,274,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Fiduciary Trust Co raised its position in Leidos by 36.4% during the 3rd quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after buying an additional 6,395 shares during the last quarter. Atria Investments Inc raised its position in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after buying an additional 4,421 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Leidos by 51.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after buying an additional 283,558 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Leidos by 21.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after buying an additional 9,710 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Leidos during the 3rd quarter worth $4,622,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Price Performance

LDOS opened at $141.64 on Tuesday. The company’s 50 day simple moving average is $152.04 and its 200 day simple moving average is $158.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos Holdings, Inc. has a 1 year low of $108.97 and a 1 year high of $202.90. The stock has a market capitalization of $18.90 billion, a PE ratio of 16.13, a P/E/G ratio of 0.93 and a beta of 0.66.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LDOS shares. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $228.00 to $153.00 in a research note on Thursday, December 12th. Truist Financial dropped their target price on shares of Leidos from $205.00 to $185.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada raised their target price on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price on shares of Leidos from $205.00 to $199.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $179.07.

Insider Buying and Selling

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of Leidos stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, with a total value of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Surya N. Mohapatra sold 2,748 shares of Leidos stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total transaction of $535,777.56. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Leidos Profile

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.