Armstrong Fleming & Moore Inc Has $5.15 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Armstrong Fleming & Moore Inc cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 41,387 shares of the information technology services provider’s stock after selling 1,400 shares during the period. Science Applications International makes up approximately 3.9% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 5th largest holding. Armstrong Fleming & Moore Inc’s holdings in Science Applications International were worth $5,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new position in Science Applications International in the 4th quarter worth approximately $25,000. CVA Family Office LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth approximately $26,000. Gradient Investments LLC raised its holdings in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings 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 worth $46,000 after acquiring an additional 208 shares in the last quarter. Finally, Community Bank N.A. purchased a new stake in shares of Science Applications International during the 4th quarter worth approximately $66,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by company insiders.

Science Applications International Stock Up 0.2 %

Shares of SAIC traded up $0.26 during midday trading on Wednesday, reaching $128.96. 266,373 shares of the stock were exchanged, compared to its average volume of 294,243. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $132.38 and its two-hundred day moving average is $125.86. The company has a market capitalization of $6.61 billion, a P/E ratio of 14.54 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 earnings per share. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

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.