Cetera Investment Advisers Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

Cetera Investment Advisers decreased its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,426 shares of the information technology services provider’s stock after selling 798 shares during the period. Cetera Investment Advisers’ holdings in Science Applications International were worth $1,948,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SAIC. Merit Financial Group LLC purchased a new stake in Science Applications International in the fourth quarter valued at approximately $244,000. HB Wealth Management LLC boosted its position in Science Applications International by 4.0% in the fourth quarter. HB Wealth Management LLC now owns 17,509 shares of the information technology services provider’s stock valued at $1,957,000 after buying an additional 679 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after acquiring an additional 2,946 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Science Applications International in the fourth quarter valued at approximately $312,000. Finally, Blue Trust Inc. lifted its holdings in Science Applications International by 35.8% in the fourth quarter. Blue Trust Inc. now owns 2,082 shares of the information technology services provider’s stock valued at $233,000 after acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group upped their target price on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, May 15th. Finally, UBS Group upped their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average target price of $131.20.

Science Applications International Stock Down 0.6%

NYSE SAIC opened at $122.67 on Tuesday. The business has a fifty day moving average price of $115.43 and a 200 day moving average price of $115.20. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $5.86 billion, a P/E ratio of 20.69 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Insider Activity at Science Applications International

In related news, Director Carolyn B. Handlon bought 230 shares of the company’s stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now directly owns 4,032 shares in the company, valued at $443,237.76. This represents a 6.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by insiders.

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.