Financial Security Advisor Inc. Makes New $205,000 Investment in Science Applications International Co. (NYSE:SAIC)

Financial Security Advisor Inc. purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,574 shares of the information technology services provider’s stock, valued at approximately $205,000.

Several other large investors have also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new position in shares of Science Applications International in the fourth quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in Science Applications International in the fourth quarter valued at $26,000. Parallel Advisors LLC boosted its holdings in Science Applications International by 62.9% in the fourth 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 in the last quarter. Community Bank N.A. bought a new stake in Science Applications International in the fourth quarter valued at $66,000. Finally, Quest Partners LLC bought a new stake in Science Applications International in the fourth quarter valued at $146,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAIC shares. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. 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. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Finally, Truist Financial lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.60.

Insiders Place Their Bets

In other Science Applications International news, CFO Prabu Natarajan bought 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $114.85 per share, with a total value of $229,700.00. Following the transaction, the chief financial officer now owns 60,630 shares in the company, valued at $6,963,355.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Vincent P. Difronzo purchased 795 shares of the business’s stock in a transaction on Friday, April 12th. The stock was 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 directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prabu Natarajan purchased 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $114.85 per share, with a total value of $229,700.00. Following the completion of the purchase, the chief financial officer now owns 60,630 shares in the company, valued at $6,963,355.50. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,010 shares of company stock valued at $732,877. 0.67% of the stock is owned by insiders.

Science Applications International Stock Up 0.6 %

Shares of SAIC traded up $0.69 during trading hours on Tuesday, hitting $116.46. The company had a trading volume of 209,350 shares, compared to its average volume of 304,708. The firm has a fifty day moving average price of $126.21 and a 200-day moving average price of $128.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 13.64 and a beta of 0.69. Science Applications International Co. has a 52-week low of $104.26 and a 52-week high of $145.17.

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

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, July 12th. Science Applications International’s dividend payout ratio (DPR) is 17.33%.

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.