Shelton Capital Management lessened its position in shares of Science Applications International Co. (NYSE:SAIC – Free Report) by 5.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,584 shares of the information technology services provider’s stock after selling 160 shares during the period. Shelton Capital Management’s holdings in Science Applications International were worth $291,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in Science Applications International by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider’s stock worth $1,303,000 after purchasing an additional 94 shares during the period. Lincoln National Corp boosted its stake in Science Applications International by 1.6% during the second quarter. Lincoln National Corp now owns 6,619 shares of the information technology services provider’s stock worth $745,000 after acquiring an additional 102 shares in the last quarter. Truist Financial Corp increased its stake in Science Applications International by 0.6% in the second quarter. Truist Financial Corp now owns 20,979 shares of the information technology services provider’s stock valued at $2,360,000 after purchasing an additional 115 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of Science Applications International by 3.9% during the second quarter. Daymark Wealth Partners LLC now owns 3,347 shares of the information technology services provider’s stock valued at $376,000 after purchasing an additional 125 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Science Applications International by 5.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,654 shares of the information technology services provider’s stock worth $247,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on SAIC shares. StockNews.com began coverage on Science Applications International in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $115.00 target price on shares of Science Applications International in a report on Monday, October 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Science Applications International from $114.00 to $116.00 in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $114.00.
Insiders Place Their Bets
In related news, EVP Michelle A. O’hara sold 2,004 shares of Science Applications International stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $113.87, for a total value of $228,195.48. Following the completion of the sale, the executive vice president now owns 30,238 shares of the company’s stock, valued at approximately $3,443,201.06. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Robert S. Genter sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $106.30, for a total transaction of $159,450.00. Following the completion of the transaction, the insider now owns 55,605 shares of the company’s stock, valued at $5,910,811.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Michelle A. O’hara sold 2,004 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $113.87, for a total transaction of $228,195.48. Following the completion of the sale, the executive vice president now owns 30,238 shares in the company, valued at $3,443,201.06. The disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock valued at $778,169 over the last ninety days. 1.29% of the stock is currently owned by insiders.
Science Applications International Stock Up 1.0 %
SAIC stock opened at $115.95 on Tuesday. Science Applications International Co. has a 1-year low of $95.43 and a 1-year high of $123.53. The stock has a market cap of $6.14 billion, a P/E ratio of 12.69 and a beta of 0.71. The stock’s fifty day simple moving average is $110.00 and its two-hundred day simple moving average is $110.59. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 1.20.
Science Applications International (NYSE:SAIC – Get Free Report) last posted its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.43. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. Science Applications International had a net margin of 6.49% and a return on equity of 25.76%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. Analysts expect that Science Applications International Co. will post 7.37 EPS for the current year.
Science Applications International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, October 12th. Science Applications International’s dividend payout ratio (DPR) is 16.19%.
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 engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
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