Yousif Capital Management LLC Trims Position in Science Applications International Co. (NYSE:SAIC)

Yousif Capital Management LLC decreased its position in Science Applications International Co. (NYSE:SAIC) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 15,529 shares of the information technology services provider’s stock after selling 417 shares during the period. Yousif Capital Management LLC’s holdings in Science Applications International were worth $1,743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SAIC. Parallel Advisors LLC grew its holdings in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 148 shares during the period. True Wealth Design LLC purchased a new position in shares of Science Applications International during the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda bought a new position in shares of Science Applications International during the 4th quarter valued at approximately $58,000. UMB Bank n.a. increased its holdings in Science Applications International by 220.1% in the 1st quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock worth $63,000 after acquiring an additional 383 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Down 0.4%

SAIC opened at $105.00 on Tuesday. The company has a market capitalization of $4.92 billion, a PE ratio of 17.71 and a beta of 0.50. The firm has a 50-day simple moving average of $115.49 and a two-hundred day simple moving average of $111.91. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same period in the prior year, the business earned $1.92 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts forecast that Science Applications International Co. will post 8.27 earnings per share 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 25th. Investors of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, July 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SAIC shares. Truist Financial lowered their price target on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company lifted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Barclays cut their price target on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.20.

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the stock in a transaction on Friday, March 28th. The stock was bought at an average cost of $111.67 per share, with a total value of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carolyn B. Handlon purchased 230 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were bought at an average cost of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now directly owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,260 shares of company stock worth $365,037. Insiders own 0.44% 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.