Wed Sep 25 08:24:52 UTC 2024: ## Federated Hermes Boosts Leidos Holdings Stake, Other Funds Follow Suit

**New York, NY – September 25, 2024** – Federated Hermes Inc. has significantly increased its stake in aerospace company Leidos Holdings, Inc. (NYSE: LDOS) by 173.5% during the second quarter. The institutional investor now holds 1,381 shares, valued at $201,000, after acquiring an additional 876 shares.

Federated Hermes’ move follows a similar trend among other hedge funds. DekaBank Deutsche Girozentrale increased its stake by 2.2%, Meeder Asset Management Inc. by a whopping 12,110.6%, BOKF NA by 29.3%, and American Century Companies Inc. by 1.1%. AdvisorShares Investments LLC also entered the fray by acquiring a new position in Leidos during the second quarter. These moves reflect a collective optimism in Leidos’ future, with hedge funds and institutional investors now owning 76.12% of the company’s stock.

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,059 shares on August 1st at an average price of $145.23. CEO Thomas Arthur Bell, on the other hand, purchased 1,712 shares on the same day at an average price of $145.04.

Leidos reported strong second-quarter earnings on July 30th, surpassing analysts’ expectations. The company achieved $2.63 earnings per share (EPS), beating the consensus estimate by $0.36. Revenue for the quarter reached $4.13 billion, slightly exceeding forecasts. Leidos also declared a quarterly dividend of $0.38 per share, payable on September 27th.

Leidos Holdings, Inc. provides services and solutions in defense, intelligence, civil, and health markets globally, operating through Defense Solutions, Civil, and Health segments.

**For more information on Leidos Holdings, Inc., including 13F filings and insider trades, visit HoldingsChannel.com.**

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