1,574 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Financial Security Advisor Inc.

Financial Security Advisor Inc. purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) during the first quarter, Holdings Channel reports. The firm purchased 1,574 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently added to or reduced their stakes in SAIC. Wellington Management Group LLP lifted its position in Science Applications International by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after acquiring an additional 194,160 shares during the period. First Trust Advisors LP lifted its position in Science Applications International by 14.8% during the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after acquiring an additional 233,075 shares during the period. Dimensional Fund Advisors LP lifted its position in Science Applications International by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,023,463 shares of the information technology services provider’s stock worth $127,238,000 after acquiring an additional 21,346 shares during the period. LSV Asset Management lifted its position in Science Applications International by 0.4% during the 4th quarter. LSV Asset Management now owns 604,035 shares of the information technology services provider’s stock worth $75,094,000 after acquiring an additional 2,697 shares during the period. Finally, Norges Bank acquired a new stake in Science Applications International during the 4th quarter worth approximately $75,040,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com cut Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Wells Fargo & Company raised their price target on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. Truist Financial reduced their price target on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reduced their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $126.60.

Science Applications International Price Performance

SAIC stock traded up $0.69 during midday trading on Tuesday, hitting $116.46. 209,350 shares of the stock were exchanged, compared to its average volume of 304,708. The stock’s 50-day moving average price is $126.21 and its 200-day moving average price is $128.87. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 13.64 and a beta of 0.69. Science Applications International Co. has a fifty-two week low of $104.26 and a fifty-two week high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.92. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. Science Applications International’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.14 earnings per share. Research analysts predict that Science Applications International Co. will post 8.1 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, July 12th. This represents a $1.48 annualized dividend and a yield of 1.27%. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the transaction, the chief executive officer now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction on Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,010 shares of company stock valued at $732,877. 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.