Science Applications International Co. (NYSE:SAIC) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lessened its stake in Science Applications International Co. (NYSE:SAIC) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,210 shares of the information technology services provider’s stock after selling 115 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Science Applications International were worth $809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIC. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Science Applications International by 27.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,889 shares of the information technology services provider’s stock valued at $323,000 after purchasing an additional 623 shares during the last quarter. Empowered Funds LLC increased its stake in Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after acquiring an additional 874 shares during the last quarter. Savant Capital LLC increased its stake in Science Applications International by 308.0% during the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock worth $1,057,000 after acquiring an additional 7,139 shares during the last quarter. Truist Financial Corp increased its stake in Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock worth $430,000 after acquiring an additional 233 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Science Applications International during the fourth quarter worth $693,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Truist Financial cut their target price on Science Applications International from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, June 3rd. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Barclays dropped their price objective on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average target price of $124.20.

Insider Activity

In other news, Director Garth Graham bought 215 shares of Science Applications International stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director now owns 7,159 shares of the company’s stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carolyn B. Handlon purchased 230 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director now directly owns 4,032 shares in the company, valued at $443,237.76. This trade represents a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,260 shares of company stock valued at $365,037. Insiders own 0.44% of the company’s stock.

Science Applications International Stock Up 0.5%

Shares of NYSE SAIC opened at $105.43 on Friday. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.78 and a beta of 0.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50-day moving average of $115.57 and a two-hundred day moving average of $112.12. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. On average, analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International’s payout ratio is currently 20.76%.

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.