AdvisorShares Investments LLC Buys 7,003 Shares of Science Applications International Co. (NYSE:SAIC)

AdvisorShares Investments LLC raised its stake in Science Applications International Co. (NYSE:SAICFree Report) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,021 shares of the information technology services provider’s stock after buying an additional 7,003 shares during the period. Science Applications International accounts for 0.9% of AdvisorShares Investments LLC’s holdings, making the stock its 8th largest holding. AdvisorShares Investments LLC owned approximately 0.06% of Science Applications International worth $3,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in shares of Science Applications International during the fourth quarter worth $25,000. CVA Family Office LLC acquired a new position in shares of Science Applications International during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its holdings in shares of 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 purchasing an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC lifted 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 purchasing an additional 208 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Science Applications International during the fourth quarter worth $66,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Science Applications International news, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $95,486.40. Following the transaction, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut 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 lifted their target price 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. lowered their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $126.60.

View Our Latest Research Report on Science Applications International

Science Applications International Stock Down 0.9 %

SAIC traded down $1.10 during midday trading on Friday, hitting $115.70. The company had a trading volume of 295,383 shares, compared to its average volume of 292,061. Science Applications International Co. has a 52 week low of $102.61 and a 52 week high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 13.55 and a beta of 0.73. The stock’s 50 day moving average price is $129.73 and its 200 day moving average price is $129.62.

Science Applications International (NYSE:SAICGet Free Report) last posted its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. On average, research analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced 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 1.28%. The ex-dividend date of this dividend is Friday, July 12th. Science Applications International’s payout ratio is presently 17.33%.

Science Applications International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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