NDVR Inc. Takes Position in Science Applications International Co. (NYSE:SAIC)

NDVR Inc. bought a new stake in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,679 shares of the information technology services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina boosted its holdings in Science Applications International by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock worth $2,573,000 after buying an additional 123 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Science Applications International by 17.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider’s stock worth $114,000 after buying an additional 161 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Science Applications International by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider’s stock worth $1,101,000 after buying an additional 163 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Science Applications International by 4.5% during the third quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider’s stock worth $419,000 after buying an additional 171 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in Science Applications International during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Up 0.1 %

Shares of NYSE:SAIC traded up $0.07 during trading on Friday, reaching $136.75. The stock had a trading volume of 242,643 shares, compared to its average volume of 234,479. The business has a fifty day moving average price of $130.69 and a 200-day moving average price of $127.95. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock has a market cap of $7.01 billion, a P/E ratio of 17.33 and a beta of 0.70. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17.

Science Applications International (NYSE:SAIC) last posted 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 firm had revenue of $1.74 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 EPS. As a group, analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 16.72%.

Insider Activity

In related news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

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

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.