Science Applications International Co. (NYSE:SAIC) Holdings Lowered by Vestcor Inc

Vestcor Inc decreased its stake in Science Applications International Co. (NYSE:SAIC) by 30.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,128 shares of the information technology services provider’s stock after selling 1,813 shares during the quarter. Vestcor Inc’s holdings in Science Applications International were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the 4th quarter valued at approximately $28,000. Quarry LP bought a new stake in Science Applications International in the third quarter worth $71,000. Jones Financial Companies Lllp boosted its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 167 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Science Applications International during the third quarter valued at about $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Up 7.2 %

Shares of NYSE:SAIC opened at $111.90 on Tuesday. The stock has a market capitalization of $5.47 billion, a PE ratio of 18.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company’s 50-day moving average price is $107.40 and its two-hundred day moving average price is $122.98.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 earnings per share. On average, equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $136.11.

Insider Buying and Selling

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

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.