Oliver Luxxe Assets LLC Purchases 119 Shares of Science Applications International Co. (NYSE:SAIC)

Oliver Luxxe Assets LLC increased its position in Science Applications International Co. (NYSE:SAIC) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,102 shares of the information technology services provider’s stock after acquiring an additional 119 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Science Applications International were worth $1,187,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Science Applications International during the fourth quarter valued at approximately $25,000. CVA Family Office LLC bought a new stake in Science Applications International during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC lifted its position in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Science Applications International by 92.4% during the third 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 during the last quarter. Finally, Community Bank N.A. bought a new stake in Science Applications International during the fourth quarter valued at approximately $66,000. 76.00% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now directly owns 46,795 shares in the company, valued at approximately $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Science Applications International news, CEO Toni Townes-Whitley bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction on 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 $1,087,162.92. The disclosure for this sale can be found here. Insiders have purchased a total of 6,010 shares of company stock worth $732,877 over the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SAIC. Truist Financial decreased their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. decreased their price target 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. Finally, StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $126.60.

Science Applications International Trading Down 1.2 %

Science Applications International stock traded down $1.37 during mid-day trading on Monday, reaching $116.18. 93,719 shares of the company traded hands, compared to its average volume of 303,945. Science Applications International Co. has a 52-week low of $104.26 and a 52-week high of $145.17. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 13.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average price is $126.62 and its 200 day moving average price is $129.01.

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

Science Applications International Dividend Announcement

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

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.