Community Bank N.A. Invests $66,000 in Science Applications International Co. (NYSE:SAIC)

Community Bank N.A. acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, Holdings Channel reports. The fund acquired 530 shares of the information technology services provider’s stock, valued at approximately $66,000.

Several other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Science Applications International in the 4th quarter valued at $25,000. CVA Family Office LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth $26,000. Gradient Investments LLC lifted its stake in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Science Applications International by 92.4% during the 3rd 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 last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Science Applications International during the 3rd quarter worth $71,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Science Applications International Stock Performance

Shares of SAIC stock traded up $0.10 during mid-day trading on Friday, reaching $129.22. The stock had a trading volume of 47,351 shares, compared to its average volume of 293,450. The business’s fifty day moving average is $132.73 and its 200-day moving average is $125.33. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 14.59 and a beta of 0.70. Science Applications International Co. has a 1-year low of $95.43 and a 1-year high of $145.17.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 earnings per share. On average, research analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Science Applications International Company 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.