Farmers & Merchants Investments Inc. Lowers Holdings in Science Applications International Co. (NYSE:SAIC)

Farmers & Merchants Investments Inc. cut its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 49.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,036 shares of the information technology services provider's stock after selling 3,948 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Science Applications International were worth $453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Science Applications International in the fourth quarter worth about $48,000. Fifth Third Bancorp increased its holdings in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Science Applications International in the fourth quarter worth about $58,000. Finally, UMB Bank n.a. increased its holdings in shares of Science Applications International by 220.1% in the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider's stock worth $63,000 after purchasing an additional 383 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Trading Down 0.8%

SAIC traded down $0.86 on Wednesday, hitting $104.54. The company had a trading volume of 245,937 shares, compared to its average volume of 538,700. The company has a market cap of $4.90 billion, a PE ratio of 17.63 and a beta of 0.50. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business's fifty day simple moving average is $115.34 and its 200 day simple moving average is $111.87.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business posted $1.92 EPS. Science Applications International's revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SAIC. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group lifted their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. UBS Group dropped their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company lifted their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International has an average rating of "Hold" and an average price target of $124.20.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon purchased 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the acquisition, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This trade represents a 6.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Garth Graham purchased 215 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director now directly owns 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock worth $365,037 over the last 90 days. Company insiders own 0.67% 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.