Science Applications International Co. (NYSE:SAIC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Science Applications International Co. (NYSE:SAIC) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,755 shares of the information technology services provider’s stock after selling 303 shares during the quarter. Yousif Capital Management LLC’s holdings in Science Applications International were worth $2,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC raised its stake in Science Applications International by 1.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider’s stock valued at $1,101,000 after acquiring an additional 163 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $1,915,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Science Applications International by 3.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,063 shares of the information technology services provider’s stock worth $1,375,000 after purchasing an additional 337 shares during the period. Mackenzie Financial Corp purchased a new position in Science Applications International in the 4th quarter valued at $3,036,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Science Applications International in the 4th quarter valued at $1,331,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 760 shares of the company’s 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 directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Science Applications International Price Performance

SAIC stock opened at $129.47 on Monday. The firm has a 50 day moving average of $132.61 and a 200-day moving average of $125.63. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 16.41 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. 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 data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 earnings per share. As a group, equities analysts expect that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a $0.37 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Science Applications International Company Profile

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.