Cerity Partners LLC Acquires New Shares in Science Applications International Co. (NYSE:SAIC)

Cerity Partners LLC bought a new position in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,409 shares of the information technology services provider’s stock, valued at approximately $672,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Science Applications International in the fourth quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in Science Applications International in the fourth quarter worth approximately $26,000. Gradient Investments LLC increased its stake in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Science Applications International by 92.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 208 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Science Applications International in the third quarter worth $71,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley bought 3,000 shares of the stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now directly owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate insiders.

Science Applications International Stock Up 2.4 %

Shares of SAIC opened at $128.08 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The company has a 50-day simple moving average of $132.92 and a 200-day simple moving average of $125.28. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The firm has a market capitalization of $6.62 billion, a P/E ratio of 14.47 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.04 earnings per share. On average, equities research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.16%. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Analyst Upgrades and Downgrades

SAIC has been the topic of several recent research reports. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Truist Financial restated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. The Goldman Sachs Group lowered their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $127.60.

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.