Farther Finance Advisors LLC Cuts Holdings in Science Applications International Co. (NYSE:SAIC)

Farther Finance Advisors LLC trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,409 shares of the information technology services provider’s stock after selling 758 shares during the quarter. Farther Finance Advisors LLC’s holdings in Science Applications International were worth $500,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Science Applications International by 220.1% during the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock valued at $63,000 after buying an additional 383 shares during the period. Merit Financial Group LLC increased its holdings in Science Applications International by 108.5% during the first quarter. Merit Financial Group LLC now owns 4,555 shares of the information technology services provider’s stock valued at $511,000 after buying an additional 2,370 shares during the period. Parallel Advisors LLC increased its holdings in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 148 shares during the period. GAMMA Investing LLC grew its holdings in Science Applications International by 21,994.2% in the first quarter. GAMMA Investing LLC now owns 68,934 shares of the information technology services provider’s stock worth $7,739,000 after purchasing an additional 68,622 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Science Applications International by 151.0% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,486 shares of the information technology services provider’s stock worth $616,000 after purchasing an additional 3,300 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SAIC. Jefferies Financial Group lifted their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial cut their price target on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average price target of $124.20.

Insider Activity at Science Applications International

In other news, Director Carolyn B. Handlon acquired 230 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the transaction, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. The trade was a 6.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Garth Graham acquired 215 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now owns 7,159 shares of the company’s stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock worth $365,037 over the last three months. Company insiders own 0.44% of the company’s stock.

Science Applications International Trading Up 0.5%

NYSE:SAIC opened at $105.43 on Monday. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The firm has a fifty day simple moving average of $115.57 and a 200-day simple moving average of $112.05. 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 company has a market capitalization of $4.94 billion, a P/E ratio of 17.78 and a beta of 0.50.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 EPS. On average, equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. Science Applications International’s dividend payout ratio is presently 20.76%.

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.