Science Applications International Co. (NYSE:SAIC) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,404 shares of the information technology services provider's stock after selling 6,132 shares during the period. Wedge Capital Management L L P NC owned approximately 0.10% of Science Applications International worth $5,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SAIC. Xponance Inc. lifted its holdings in shares of Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after purchasing an additional 99 shares during the last quarter. Mariner LLC raised its stake in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after buying an additional 106 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after buying an additional 142 shares during the last quarter. Parallel Advisors LLC boosted its holdings in 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 acquiring an additional 148 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Science Applications International by 32.3% during the fourth 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 last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

NYSE:SAIC traded up $0.12 during trading hours on Tuesday, hitting $103.64. 82,469 shares of the stock were exchanged, compared to its average volume of 533,178. The firm's fifty day moving average price is $116.10 and its 200 day moving average price is $112.57. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a market cap of $4.86 billion, a P/E ratio of 17.47 and a beta of 0.50. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 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 last year, the company earned $1.92 earnings per share. The business's quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities research 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 will be paid on Friday, July 25th. Investors 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 dividend on an annualized basis and a yield of 1.43%. Science Applications International's payout ratio is presently 20.76%.

Analysts Set New Price Targets

Several equities analysts recently commented on SAIC shares. Truist Financial decreased 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. Wells Fargo & Company upped their price target 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. UBS Group lowered their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upped their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $124.20.

Insider Activity at Science Applications International

In related news, Director John K. Tien, Jr. bought 215 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. The trade was a 30.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares of the company's stock, valued at $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. In the last quarter, insiders acquired 3,260 shares of company stock valued at $365,037. Corporate 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.