Science Applications International Co. (NYSE:SAIC) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 86.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 432 shares of the information technology services provider’s stock after selling 2,711 shares during the quarter. NewEdge Advisors LLC’s holdings in Science Applications International were worth $48,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Tidal Investments LLC purchased a new stake in shares of Science Applications International during the third quarter valued at approximately $200,000. Brookstone Capital Management grew its holdings in Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 160 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Science Applications International during the 4th quarter worth $244,000. HB Wealth Management LLC lifted its holdings in Science Applications International by 4.0% in the 4th quarter. HB Wealth Management LLC now owns 17,509 shares of the information technology services provider’s stock worth $1,957,000 after buying an additional 679 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its position in Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after buying an additional 2,946 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $131.33.

Science Applications International Stock Down 1.2 %

NYSE:SAIC opened at $117.98 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $111.57 and a 200-day moving average of $117.30. The firm has a market capitalization of $5.63 billion, a PE ratio of 19.90 and a beta of 0.55. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Insider Transactions at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carolyn B. Handlon purchased 230 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now directly owns 4,032 shares of the company’s stock, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,260 shares of company stock valued at $365,037. Company insiders own 0.67% of the company’s stock.

Science Applications International 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.