Science Applications International Co. (NYSE:SAIC) Stock Position Lowered by Hoylecohen LLC

Hoylecohen LLC lowered its position in shares of Science Applications International Co. (NYSE:SAIC) by 5.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,024 shares of the information technology services provider’s stock after selling 122 shares during the period. Hoylecohen LLC’s holdings in Science Applications International were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. CWM LLC raised its holdings in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares during the last quarter. Community Bank N.A. bought a new stake in Science Applications International during the fourth quarter worth approximately $66,000. Finally, EntryPoint Capital LLC grew its position in Science Applications International by 1,712.9% in the first quarter. EntryPoint Capital LLC now owns 562 shares of the information technology services provider’s stock worth $73,000 after buying an additional 531 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP James Joshua Jackson purchased 400 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of $114.28 per share, with a total value of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Science Applications International news, CFO Prabu Natarajan bought 2,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $114.85 per share, with a total value of $229,700.00. Following the completion of the transaction, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Joshua Jackson purchased 400 shares of Science Applications International stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the transaction, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The disclosure for this purchase can be found here. Insiders have bought a total of 3,715 shares of company stock valued at $430,207 in the last three months. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Down 0.0 %

NYSE:SAIC traded down $0.04 during trading hours on Friday, hitting $125.05. 136,088 shares of the stock traded hands, compared to its average volume of 257,858. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 16.16 and a beta of 0.69. The firm has a 50 day moving average price of $119.18 and a 200 day moving average price of $127.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a fifty-two week low of $104.26 and a fifty-two week high of $145.17.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 EPS. Equities research analysts anticipate that Science Applications International Co. will post 8.1 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.18%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAIC. JPMorgan Chase & Co. cut their price objective on Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. StockNews.com downgraded Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Finally, Truist Financial dropped their price target on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $125.00.

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.