Wedge Capital Management L L P NC Trims Holdings in Science Applications International Co. (NYSE:SAIC)

Wedge Capital Management L L P NC cut its holdings in Science Applications International Co. (NYSE:SAIC) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,404 shares of the information technology services provider’s stock after selling 6,132 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.10% of Science Applications International worth $5,547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. grew its position in shares of Science Applications International by 220.1% in the 1st quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock worth $63,000 after buying an additional 383 shares during the period. Merit Financial Group LLC grew its position in shares of Science Applications International by 108.5% in the 1st quarter. Merit Financial Group LLC now owns 4,555 shares of the information technology services provider’s stock worth $511,000 after buying an additional 2,370 shares during the period. Parallel Advisors LLC grew its position in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock worth $31,000 after buying an additional 148 shares during the period. GAMMA Investing LLC grew its position in shares of Science Applications International by 21,994.2% in the 1st quarter. GAMMA Investing LLC now owns 68,934 shares of the information technology services provider’s stock worth $7,739,000 after buying an additional 68,622 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of Science Applications International by 151.0% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,486 shares of the information technology services provider’s stock worth $616,000 after buying an additional 3,300 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. acquired 215 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Toni Townes-Whitley acquired 2,000 shares of the stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $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. Insiders have acquired 3,260 shares of company stock worth $365,037 in the last quarter. Company insiders own 0.44% of the company’s stock.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $105.32 on Monday. The firm’s 50-day moving average price is $116.34 and its 200-day moving average price is $112.71. 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 cap of $4.94 billion, a PE ratio of 17.76 and a beta of 0.50. Science Applications International Co. has a 52-week low of $94.68 and a 52-week 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 net margin of 4.11% and a return on equity of 24.18%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. As a group, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International’s payout ratio is presently 20.76%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Truist Financial cut their price objective on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, June 3rd. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group cut their price objective on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus price target of $128.70.

Science Applications International 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.