Science Applications International Co. (NYSE:SAIC) Shares Sold by Vestcor Inc

Key Points

• Vestcor Inc significantly reduced its stake in Science Applications International Co. by 74.5%, holding only 1,054 shares worth $118,000 after selling 3,074 shares in the first quarter.
• Science Applications International's stock recently traded at $115.18, with a market cap of $5.40 billion, and reported a quarterly earnings miss with an EPS of $1.92.
• The company declared a quarterly dividend of $0.37, representing an annualized dividend of $1.48 and a yield of 1.3%, with a dividend payout ratio of 20.76%.

Vestcor Inc lessened its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 74.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,054 shares of the information technology services provider's stock after selling 3,074 shares during the period. Vestcor Inc's holdings in Science Applications International were worth $118,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares during the period. Larson Financial Group LLC grew its position in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 98 shares during the period. True Wealth Design LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at $48,000. Fifth Third Bancorp grew its position in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Science Applications International during the 4th quarter valued at $58,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

NYSE:SAIC traded up $1.97 during mid-day trading on Tuesday, hitting $115.18. The company's stock had a trading volume of 451,214 shares, compared to its average volume of 682,446. The business's fifty day moving average is $110.67 and its two-hundred day moving average is $111.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 19.42 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data 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%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. Analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAIC. Barclays dropped their target price on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Truist Financial boosted their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Stifel Nicolaus initiated coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, UBS Group decreased their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $125.64.

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.