Wambolt & Associates LLC Trims Stake in Science Applications International Co. (NYSE:SAIC)

Wambolt & Associates LLC trimmed its position in shares of Science Applications International Co. (NYSE:SAIC) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,988 shares of the information technology services provider’s stock after selling 799 shares during the period. Wambolt & Associates LLC’s holdings in Science Applications International were worth $1,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the fourth quarter worth $28,000. Quarry LP purchased a new stake in shares of Science Applications International in the 3rd quarter worth about $71,000. Jones Financial Companies Lllp lifted its position in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 167 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in Science Applications International during the third quarter worth about $200,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial cut their target price 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. UBS Group boosted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $134.00.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $109.15 on Tuesday. 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 Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a 50 day moving average of $106.83 and a 200 day moving average of $122.23. The firm has a market cap of $5.21 billion, a PE ratio of 18.41 and a beta of 0.66.

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

Science Applications International Announces Dividend

The firm also recently announced 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 1.36%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend 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.