Yousif Capital Management LLC Cuts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Yousif Capital Management LLC trimmed its stake in Science Applications International Co. (NYSE:SAIC) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,529 shares of the information technology services provider’s stock after selling 417 shares during the period. Yousif Capital Management LLC’s holdings in Science Applications International were worth $1,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empowered Funds LLC lifted its stake in shares of Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after acquiring an additional 874 shares during the last quarter. Truist Financial Corp increased its stake in Science Applications International by 6.4% in the 4th quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock worth $430,000 after purchasing an additional 233 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Science Applications International in the fourth quarter valued at approximately $1,414,000. GAMMA Investing LLC lifted its position 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 valued at $7,739,000 after purchasing an additional 68,622 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Science Applications International during the fourth quarter valued at approximately $1,649,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

SAIC stock opened at $105.00 on Tuesday. 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 firm has a 50 day moving average price of $115.49 and a 200-day moving average price of $111.91. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 17.71 and a beta of 0.50.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period in the previous year, the firm earned $1.92 earnings per share. Science Applications International’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.41%. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

Insiders Place Their Bets

In other Science Applications International news, Director Carolyn B. Handlon acquired 230 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the transaction, the director now directly owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Milford W. Mcguirt bought 500 shares of the stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now directly 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. Over the last ninety days, insiders bought 3,260 shares of company stock valued at $365,037. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of analyst reports. Barclays dropped their target price on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, June 9th. Jefferies Financial Group increased their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Truist Financial cut their price objective on Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, June 3rd. UBS Group decreased their target price on Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $124.20.

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.