Linden Thomas Advisory Services LLC Purchases 163 Shares of Science Applications International Co. (NYSE:SAIC)

Linden Thomas Advisory Services LLC boosted its stake in Science Applications International Co. (NYSE:SAIC) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 8,857 shares of the information technology services provider’s stock after buying an additional 163 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Science Applications International were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SAIC. Contravisory Investment Management Inc. bought a new position in Science Applications International in the 4th quarter valued at $25,000. CVA Family Office LLC purchased a new stake in Science Applications International during the fourth quarter worth about $26,000. Gradient Investments LLC boosted its stake in Science Applications International by 1,104.8% in the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Science Applications International by 92.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock valued at $46,000 after acquiring an additional 208 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Science Applications International during the 3rd quarter worth approximately $71,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SAIC shares. Wells Fargo & Company increased their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Truist Financial reiterated a “hold” rating and set a $130.00 target price on shares of Science Applications International in a research report on Friday, April 12th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.60.

Science Applications International Stock Up 0.3 %

SAIC opened at $128.47 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17. The firm has a market capitalization of $6.64 billion, a P/E ratio of 16.23 and a beta of 0.70. The company has a fifty day moving average price of $132.83 and a 200-day moving average price of $125.30.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 EPS. Equities research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, April 11th. Science Applications International’s payout ratio is currently 16.72%.

Insider Activity at Science Applications International

In related news, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is currently owned by corporate insiders.

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.