Rodgers Brothers Inc. Trims Position in Science Applications International Co. (NYSE:SAIC)

Rodgers Brothers Inc. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,635 shares of the information technology services provider’s stock after selling 100 shares during the quarter. Rodgers Brothers Inc.’s holdings in Science Applications International were worth $630,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Science Applications International in the fourth quarter valued at about $63,572,000. Victory Capital Management Inc. raised its holdings in shares of Science Applications International by 851.8% in the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after purchasing an additional 132,976 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Science Applications International by 285.5% in the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock worth $17,012,000 after purchasing an additional 102,933 shares during the period. Raymond James Financial Inc. bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $10,038,000. Finally, Van ECK Associates Corp increased its holdings in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after acquiring an additional 76,204 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 2,600 shares of company stock valued at $289,604 over the last 90 days. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $112.27 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 stock has a 50-day moving average of $106.29 and a two-hundred day moving average of $121.40. The stock has a market cap of $5.36 billion, a P/E ratio of 18.93 and a beta of 0.66. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

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

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. Science Applications International’s payout ratio is currently 20.58%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial lowered their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, The Goldman Sachs Group cut their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average price target of $134.00.

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.