Qsemble Capital Management LP Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

Qsemble Capital Management LP trimmed its holdings in shares of Science Applications International Co. (NYSE:SAICFree Report) by 67.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,113 shares of the information technology services provider’s stock after selling 4,287 shares during the period. Qsemble Capital Management LP’s holdings in Science Applications International were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in Science Applications International during the fourth quarter worth approximately $25,000. CVA Family Office LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at $26,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Science Applications International by 92.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 208 shares during the last quarter. Community Bank N.A. acquired a new position in shares of Science Applications International in the 4th quarter valued at $66,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Science Applications International in the 3rd quarter valued at $71,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Toni Townes-Whitley bought 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now directly owns 46,795 shares in the company, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Science Applications International Stock Down 0.0 %

Shares of NYSE:SAIC traded down $0.04 during midday trading on Monday, hitting $135.05. 46,526 shares of the company’s stock traded hands, compared to its average volume of 285,840. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $6.92 billion, a PE ratio of 17.12 and a beta of 0.70. The firm’s fifty day moving average price is $131.36 and its two-hundred day moving average price is $126.96. Science Applications International Co. has a twelve month low of $95.43 and a twelve month high of $145.17.

Science Applications International (NYSE:SAICGet Free Report) last released its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $2.04 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on SAIC

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.

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

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