Xponance Inc. Raises Position in Science Applications International Co. (NYSE:SAIC)

Xponance Inc. increased its position in shares of Science Applications International Co. (NYSE:SAIC) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,869 shares of the information technology services provider’s stock after purchasing an additional 99 shares during the quarter. Xponance Inc.’s holdings in Science Applications International were worth $768,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quest Partners LLC grew its holdings in shares of Science Applications International by 124.1% in the third quarter. Quest Partners LLC now owns 1,840 shares of the information technology services provider’s stock worth $256,000 after purchasing an additional 1,019 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Science Applications International by 31.3% during the third quarter. Advisors Asset Management Inc. now owns 12,832 shares of the information technology services provider’s stock worth $1,787,000 after buying an additional 3,062 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Science Applications International during the 3rd quarter worth $206,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after buying an additional 6,780 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Science Applications International by 116.1% in the third quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider’s stock worth $2,210,000 after purchasing an additional 8,617 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $134.00.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Science Applications International Stock Up 3.1 %

Shares of SAIC opened at $109.15 on Tuesday. The stock has a fifty day simple moving average of $106.83 and a two-hundred day simple moving average of $122.23. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.21 billion, a PE ratio of 18.41 and a beta of 0.66. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

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

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Science Applications International 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.