WCM Investment Management LLC Increases Stock Holdings in Science Applications International Co. (NYSE:SAIC)

WCM Investment Management LLC increased its stake in shares of Science Applications International Co. (NYSE:SAICFree Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,188 shares of the information technology services provider’s stock after purchasing an additional 1,192 shares during the quarter. WCM Investment Management LLC owned 0.18% of Science Applications International worth $11,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAIC. Commonwealth Equity Services LLC grew its stake in shares of Science Applications International by 2.3% during the second quarter. Commonwealth Equity Services LLC now owns 4,118 shares of the information technology services provider’s stock valued at $463,000 after buying an additional 94 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Science Applications International by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider’s stock valued at $1,303,000 after buying an additional 94 shares during the period. Quarry LP grew its stake in Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 109 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Science Applications International by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock worth $2,573,000 after acquiring an additional 123 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Science Applications International by 1.4% during the third quarter. LPL Financial LLC now owns 9,302 shares of the information technology services provider’s stock valued at $982,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAIC. Truist Financial reissued a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. StockNews.com downgraded Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Wells Fargo & Company increased their price target on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $127.60.

Read Our Latest Report on Science Applications International

Science Applications International Stock Performance

SAIC traded down $2.78 on Friday, reaching $123.58. 225,740 shares of the stock were exchanged, compared to its average volume of 377,966. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The company’s 50-day moving average price is $133.65 and its 200 day moving average price is $124.24. The firm has a market capitalization of $6.38 billion, a PE ratio of 15.66 and a beta of 0.70. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17.

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

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s payout ratio is presently 16.72%.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now directly owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.29% of the company’s stock.

Science Applications International Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.