Science Applications International Co. (NYSE:SAIC) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in shares of Science Applications International Co. (NYSE:SAIC) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 88,308 shares of the information technology services provider’s stock after selling 1,773 shares during the period. Wedge Capital Management L L P NC’s holdings in Science Applications International were worth $10,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAIC. Treasurer of the State of North Carolina grew its holdings in shares of Science Applications International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock worth $2,573,000 after acquiring an additional 123 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Science Applications International by 2.7% during the third quarter. Ritholtz Wealth Management now owns 5,289 shares of the information technology services provider’s stock valued at $558,000 after buying an additional 139 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Science Applications International by 17.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 161 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Science Applications International by 4.5% during the third quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider’s stock valued at $419,000 after purchasing an additional 171 shares during the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Science Applications International during the fourth quarter valued at $25,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Truist Financial restated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. The Goldman Sachs Group lowered their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.60.

Science Applications International Trading Up 1.3 %

Shares of Science Applications International stock traded up $1.61 on Tuesday, hitting $126.74. 19,232 shares of the company’s stock traded hands, compared to its average volume of 294,579. The firm’s 50-day moving average price is $132.96 and its two-hundred day moving average price is $125.13. The stock has a market capitalization of $6.55 billion, a PE ratio of 14.14 and a beta of 0.70. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17. 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 (NYSE:SAIC) last issued its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The business’s revenue was down 11.7% on a year-over-year basis. On average, research analysts expect that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.17%. Science Applications International’s dividend payout ratio is 16.72%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was 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 directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Toni Townes-Whitley acquired 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the acquisition, the executive vice president now directly 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. Company insiders own 1.29% of the company’s stock.

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.