EverSource Wealth Advisors LLC Boosts Stake in Science Applications International Co. (NYSE:SAIC)

EverSource Wealth Advisors LLC boosted its stake in shares of Science Applications International Co. (NYSE:SAIC) by 33.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 671 shares of the information technology services provider’s stock after acquiring an additional 167 shares during the period. EverSource Wealth Advisors LLC’s holdings in Science Applications International were worth $75,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after buying an additional 874 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in Science Applications International during the fourth quarter worth $312,000. Pure Financial Advisors LLC lifted its holdings in Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after buying an additional 2,946 shares during the period. XTX Topco Ltd lifted its holdings in Science Applications International by 219.5% during the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after buying an additional 7,310 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 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 firms have weighed in on SAIC. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, UBS Group increased their price objective on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Price Performance

NYSE SAIC opened at $113.44 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s fifty day moving average price is $107.39 and its 200 day moving average price is $122.86. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 19.13 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% 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.