Vestcor Inc Sells 1,813 Shares of Science Applications International Co. (NYSE:SAIC)

Vestcor Inc lessened its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,128 shares of the information technology services provider’s stock after selling 1,813 shares during the period. Vestcor Inc’s holdings in Science Applications International were worth $461,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Atria Investments Inc increased its stake in shares of Science Applications International by 56.9% in the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider’s stock valued at $419,000 after purchasing an additional 1,091 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Science Applications International in the 3rd quarter worth $430,000. KBC Group NV raised its stake in Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock worth $205,000 after purchasing an additional 196 shares during the period. CIBC Asset Management Inc acquired a new position in Science Applications International in the third quarter valued at approximately $220,000. Finally, Empowered Funds LLC grew its holdings in shares of Science Applications International by 11.6% during the 3rd quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider’s stock worth $651,000 after purchasing an additional 487 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $111.90 on Tuesday. The stock has a market cap of $5.47 billion, a P/E ratio of 18.87 and a beta of 0.66. The firm’s 50-day simple moving average is $107.40 and its 200 day simple moving average is $122.98. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two 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.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 business posted $1.43 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts expect that Science Applications International Co. will post 8.27 EPS for the current 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

SAIC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Finally, UBS Group began coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price on the stock. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $136.11.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.67% of the company’s stock.

About Science Applications International

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.