Weybosset Research & Management LLC Has $12.76 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Weybosset Research & Management LLC lessened its holdings in Science Applications International Co. (NYSE:SAIC) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,823 shares of the information technology services provider’s stock after selling 2,403 shares during the period. Science Applications International accounts for 4.8% of Weybosset Research & Management LLC’s holdings, making the stock its 9th biggest position. Weybosset Research & Management LLC owned about 0.19% of Science Applications International worth $12,755,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in shares of Science Applications International in the fourth quarter valued at $25,000. CVA Family Office LLC acquired a new position in Science Applications International in the 4th quarter valued at about $26,000. Gradient Investments LLC raised its holdings in Science Applications International by 1,104.8% in the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 232 shares during the period. 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 worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 worth $46,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC traded up $0.65 on Monday, hitting $130.12. 212,394 shares of the stock were exchanged, compared to its average volume of 294,797. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 14.70 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17. The business has a 50-day moving average of $132.51 and a two-hundred day moving average of $125.76.

Science Applications International (NYSE:SAIC) last issued its quarterly 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). The firm had revenue of $1.74 billion for 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 business’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. Sell-side analysts forecast that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International 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 transaction, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the purchase, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by corporate 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.