Retirement Stock Portfolio: 12 Safe Tech Stocks To Consider

8. Leidos Holdings, Inc. (NYSE:LDOS)

Beta Value: 0.70

Dividend Yield: 0.91%

Number of Hedge Fund Holders: 38

Leidos Holdings, Inc. (NYSE:LDOS) is a U.S.-based company specializing in defense, aviation, information technology, and biomedical research, with its headquarters in Reston, Virginia. The company provides a range of services, including scientific research, engineering, systems integration, and technical support.

Leidos Holdings, Inc. (NYSE:LDOS) recently experienced strong financial growth, reporting a 7.7% year-over-year revenue increase to $4.13 billion and a significant 33% rise in adjusted EBITDA, reaching $559 million. The company also secured several major contracts, including a $51 million deal with the Centers for Disease Control and Prevention to enhance the National Healthcare Safety Network.

Additionally, Truist Securities recently raised its price target for Leidos Holdings, Inc. (NYSE:LDOS), highlighting potential gains from the company’s existing portfolio and improved profit margins driven by cost optimization strategies.

By the end of June 2024, 38 of the 912 hedge funds tracked by Insider Monkey held positions in Leidos. The largest hedge fund shareholder was Israel Englander’s Millennium Management, with a $165.3 million stake in the company.