Petros Family Wealth LLC Acquires Shares of 1,799 Science Applications International Co. (NYSE:SAIC)

Petros Family Wealth LLC bought a new position in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, HoldingsChannel reports. The fund bought 1,799 shares of the information technology services provider’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Science Applications International during the 3rd quarter valued at about $249,000. TD Private Client Wealth LLC boosted its holdings in shares of Science Applications International by 53.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 532 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Science Applications International in the third quarter worth approximately $200,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Science Applications International during the third quarter valued at approximately $1,713,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 3.1 %

NYSE SAIC opened at $116.51 on Friday. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.56 billion, a P/E ratio of 19.65 and a beta of 0.58. The stock’s 50-day moving average price is $106.74 and its 200-day moving average price is $119.81.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group lifted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. Wells Fargo & Company dropped their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $132.22.

Insider Buying and Selling

In other Science Applications International news, Director Carolyn B. Handlon bought 230 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the company’s stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 3,045 shares of company stock valued at $339,935. Company insiders own 0.67% of the company’s stock.

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.