Stock Movement to Focus- NewLeidos (NYSE:LDOS)

Leidos (NYSE:LDOS) notched a move of -1.11% to $68.53. The total traded volume was 892865 shares. The stock had closed at $69.3 on the previous day. Leidos Holdings, Inc. is with Insider ownership of 0.50% and institutional ownership counts to 75.10%. Shares float is 150.40M and outstanding shares are at 155.00M. The float short is currently 1.18% and short ratio is 1.9.

Leidos (NYSE:LDOS), a FORTUNE 500® science, information technology, and engineering leader, recently reported the Department of Veterans Affairs (VA) awarded Systems Made Simple (SMS), a Leidos company, an Infrastructure Operations Services Support (IOSS) task award to continue support of the department’s information technology (IT) infrastructure modernization efforts. The single-award, firm-fixed price, time and materials contract has a two-year base period of performance, two one-year options, and a potential value of approximately $472 million.

The award is aligned with the VA’s next phase of IT transformation, which is focused on consolidating data centers and updating cloud services. Leidos will provide the VA’s Information Technology Operations and Services Infrastructure Operations (ITOPS IO) an array of services and solutions that include data center operations, security, architecture, applications management, service desk support and command center support.

Leidos will use best practices in enterprise modernization, such as data center consolidation and large-scale Information Technology Infrastructure Library (ITIL) service management. To ensure a seamless transition, the team will provide a technology innovations lab to run scenario-based testing to reduce implementation risk of new technology. Leidos will use its knowledge of and experience with VA’s IT systems and a collaborative approach with the VA to build upon past successes and ensure that the IOSS program provides maximum value to the VA now and in the future.

Jerry Hogge, Senior Vice President, Military and Veterans Health Solutions, Leidos said “We’re honored to continue helping the VA execute their vision of providing world-class, secure and cost-effective IT services that support our nation’s Veterans”. “Our innovative IT experts and established management processes will sustain system operations to ensure system availability for mission-critical VA data center applications and services.

The stock made income 251.00M on sales of 10.17B. ROA sticks to 4.10% and ROI is 6.40%. Shares have moved -2.25% from its 1 Year high price and changed 37.50% from its 1 Year low price. The shares registered RSI (14) at 59.64 and ATR factor was seen at 1.6. In terms of profitability, Leidos Holdings, Inc. has a gross margin of 12.30%, an operating margin of 5.50% and a net profit margin of 3.60%. Return on assets come to 4.10% and return on investment coming to 6.40% while Return on equity come to 11.20%.

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