Faithward Advisors LLC Buys 727 Shares of Science Applications International Co. (NYSE:SAIC)

Faithward Advisors LLC increased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,548 shares of the information technology services provider’s stock after buying an additional 727 shares during the period. Faithward Advisors LLC’s holdings in Science Applications International were worth $3,303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp grew its holdings in Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after buying an additional 15,166 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Science Applications International by 1.9% in 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 acquiring an additional 18,102 shares during the period. Norges Bank acquired a new position in shares of Science Applications International in the fourth quarter valued at about $63,572,000. Bank of New York Mellon Corp grew its stake in shares of Science Applications International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after acquiring an additional 31,374 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in Science Applications International by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider’s stock worth $45,460,000 after acquiring an additional 3,730 shares during the period. Institutional investors own 76.00% of the company’s stock.

Insider Transactions at Science Applications International

In related news, Director John K. Tien, Jr. acquired 215 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the acquisition, the director now directly owns 919 shares of the company’s stock, valued at approximately $107,063.50. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Toni Townes-Whitley purchased 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The stock was bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,815 shares of company stock worth $314,652. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAIC. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Truist Financial lowered their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company increased their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Finally, UBS Group upped their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Trading Down 2.3 %

Shares of Science Applications International stock opened at $109.08 on Tuesday. The firm’s 50 day moving average is $106.18 and its 200 day moving average is $120.61. The firm has a market capitalization of $5.21 billion, a PE ratio of 18.39 and a beta of 0.58. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last announced its quarterly 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 the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 1.36%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

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.