Science Applications International Co. (NYSE:SAIC) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 139.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,865 shares of the information technology services provider's stock after purchasing an additional 5,750 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Science Applications International were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International in the 4th quarter valued at approximately $28,000. True Wealth Design LLC purchased a new stake in Science Applications International during the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International during the 4th quarter valued at about $58,000. Jones Financial Companies Lllp boosted its stake in shares of 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 during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Science Applications International by 33.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after acquiring an additional 167 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SAIC. Truist Financial reduced their price objective on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. Barclays decreased their price target on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price objective 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. UBS Group decreased their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company increased 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 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $124.20.

Insider Buying and Selling

In other news, Director Garth Graham bought 215 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average cost of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This trade represents a 3.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn B. Handlon acquired 230 shares of Science Applications International stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. The trade was a 6.05% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 3,260 shares of company stock worth $365,037. Corporate insiders own 0.44% of the company's stock.

Science Applications International Stock Up 0.1%

Shares of NYSE:SAIC traded up $0.09 during trading on Tuesday, hitting $103.61. The company's stock had a trading volume of 555,070 shares, compared to its average volume of 535,032. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The business has a 50 day moving average price of $116.10 and a two-hundred day moving average price of $112.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $4.86 billion, a PE ratio of 17.47 and a beta of 0.50.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

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.