Xponance Inc. Has $904,000 Stock Position in Science Applications International Co. (NYSE:SAIC)

Xponance Inc. cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,273 shares of the information technology services provider’s stock after selling 147 shares during the period. Xponance Inc.’s holdings in Science Applications International were worth $904,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after buying an additional 328,426 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Science Applications International by 11.7% during the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after buying an additional 64,406 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Science Applications International by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 507,536 shares of the information technology services provider’s stock worth $53,565,000 after buying an additional 10,793 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Science Applications International by 4.3% during the third quarter. California Public Employees Retirement System now owns 318,003 shares of the information technology services provider’s stock worth $33,562,000 after buying an additional 13,127 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Science Applications International by 22.8% during the third quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider’s stock worth $27,003,000 after buying an additional 47,421 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of SAIC opened at $129.12 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.67 billion, a P/E ratio of 14.59 and a beta of 0.70. The firm’s fifty day simple moving average is $132.73 and its two-hundred day simple moving average is $125.33. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.04 EPS. As a group, analysts predict that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.15%. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Insider Buying and Selling at Science Applications International

In other news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Vincent P. Difronzo acquired 795 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Insiders own 1.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. Truist Financial reissued a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.60.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.