Science Applications International Co. (NYSE:SAIC) Shares Sold by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc lowered its position in shares of Science Applications International Co. (NYSE:SAIC) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,387 shares of the information technology services provider’s stock after selling 1,400 shares during the quarter. Science Applications International comprises 3.9% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 5th biggest position. Armstrong Fleming & Moore Inc owned 0.08% of Science Applications International worth $5,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAIC. Cambridge Investment Research Advisors Inc. raised its stake in Science Applications International by 80.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,180 shares of the information technology services provider’s stock valued at $652,000 after purchasing an additional 2,764 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Science Applications International in the third quarter valued at about $5,256,000. Xponance Inc. raised its stake in Science Applications International by 11.9% in the third quarter. Xponance Inc. now owns 7,420 shares of the information technology services provider’s stock valued at $783,000 after purchasing an additional 788 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in Science Applications International by 3.5% in the third quarter. Ceredex Value Advisors LLC now owns 89,450 shares of the information technology services provider’s stock valued at $9,441,000 after purchasing an additional 3,050 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in Science Applications International in the third quarter valued at about $230,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 0.2 %

SAIC stock traded up $0.26 during trading on Wednesday, hitting $128.96. The company had a trading volume of 266,373 shares, compared to its average volume of 294,243. The stock has a market cap of $6.61 billion, a PE ratio of 14.54 and a beta of 0.70. The business has a 50-day moving average of $132.38 and a 200-day moving average of $125.86. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.04 EPS. Research analysts predict that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. Wells Fargo & Company lifted their target price on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. Truist Financial reiterated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a research report on Friday, April 12th. Finally, The Goldman Sachs Group reduced their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $127.60.

Insiders Place Their Bets

In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the acquisition, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the purchase, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the transaction, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. Company insiders own 1.29% of the company’s stock.

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.