Science Applications International Co. (NYSE:SAIC) Stake Decreased by Kestrel Investment Management Corp

Kestrel Investment Management Corp decreased its position in shares of Science Applications International Co. (NYSE:SAIC) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,050 shares of the information technology services provider’s stock after selling 3,600 shares during the period. Science Applications International accounts for about 2.0% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 26th largest holding. Kestrel Investment Management Corp’s holdings in Science Applications International were worth $2,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Science Applications International during the fourth quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in Science Applications International during the fourth quarter worth approximately $26,000. Quarry LP grew its position in Science Applications International by 100.0% in the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after buying an additional 109 shares during the last quarter. Gradient Investments LLC grew its position in Science Applications International by 1,104.8% in the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Science Applications International in the third quarter worth approximately $37,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Science Applications International stock traded up $1.76 on Friday, reaching $124.94. 317,573 shares of the stock were exchanged, compared to its average volume of 299,558. The stock has a market cap of $6.45 billion, a PE ratio of 15.80 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a twelve month low of $95.43 and a twelve month high of $145.17. The firm has a fifty day moving average price of $133.22 and a two-hundred day moving average price of $124.60.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $2.04 EPS. The firm’s revenue was down 11.7% on a year-over-year basis. Sell-side analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued 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 1.18%. Science Applications International’s payout ratio is 16.72%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 report on Tuesday, March 19th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday. The Goldman Sachs Group lowered their price target on shares of 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 target on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. Finally, Truist Financial restated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $127.60.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Science Applications International news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katharina G. Mcfarland sold 760 shares of the company’s 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 sale, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Insiders own 1.29% of the company’s stock.

About Science Applications International

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.