3,995 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC purchased a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,995 shares of the information technology services provider's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the fourth quarter worth about $28,000. True Wealth Design LLC purchased a new stake in Science Applications International in the fourth quarter worth about $48,000. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International in the fourth quarter worth about $58,000. Jones Financial Companies Lllp increased its position in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after buying an additional 156 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Insider Buying and Selling at Science Applications International

In other news, Director John K. Tien, Jr. bought 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the acquisition, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This trade represents a 30.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This trade represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 3,260 shares of company stock valued at $365,037 in the last ninety days. Corporate insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SAIC shares. JPMorgan Chase & Co. reduced their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group upped their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Truist Financial dropped their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International presently has an average rating of "Hold" and a consensus target price of $131.20.

Science Applications International Price Performance

Science Applications International stock traded down $0.03 during midday trading on Thursday, reaching $115.31. 780,532 shares of the stock traded hands, compared to its average volume of 516,417. The stock's fifty day moving average is $117.13 and its 200-day moving average is $113.98. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a market cap of $5.50 billion, a P/E ratio of 19.45 and a beta of 0.55. 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 (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

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.