Shelton Capital Management lowered its holdings in shares of Science Applications International Co. (NYSE:SAIC – Free Report) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,584 shares of the information technology services provider’s stock after selling 160 shares during the period. Shelton Capital Management’s holdings in Science Applications International were worth $291,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in Science Applications International during the 1st quarter valued at about $30,000. BOKF NA purchased a new stake in shares of Science Applications International during the first quarter valued at approximately $31,000. CWM LLC increased its holdings in shares of Science Applications International by 84.8% in the 2nd quarter. CWM LLC now owns 390 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 179 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in Science Applications International during the 2nd quarter valued at $56,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Science Applications International in the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 75.31% of the company’s stock.
Wall Street Analyst Weigh In
SAIC has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Science Applications International from $114.00 to $116.00 in a research report on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and set a $115.00 price target on shares of Science Applications International in a research note on Monday, October 2nd. Finally, StockNews.com assumed coverage on shares of Science Applications International in a research report on Thursday, October 5th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $114.00.
Science Applications International Stock Up 1.0 %
SAIC opened at $115.95 on Tuesday. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $123.53. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a 50-day simple moving average of $110.00 and a two-hundred day simple moving average of $110.59. The company has a market capitalization of $6.14 billion, a PE ratio of 12.69 and a beta of 0.71.
Science Applications International (NYSE:SAIC – Get Free Report) last released its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.43. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Science Applications International had a return on equity of 25.76% and a net margin of 6.49%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. Analysts forecast that Science Applications International Co. will post 7.37 earnings per share for the current fiscal year.
Science Applications International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.28%. Science Applications International’s payout ratio is currently 16.19%.
Insider Transactions at Science Applications International
In other Science Applications International news, EVP Michelle A. O’hara sold 2,004 shares of Science Applications International stock in a transaction on Friday, October 13th. The shares were sold at an average price of $113.87, for a total transaction of $228,195.48. Following the completion of the transaction, the executive vice president now directly owns 30,238 shares of the company’s stock, valued at $3,443,201.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michelle A. O’hara sold 2,004 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $113.87, for a total transaction of $228,195.48. Following the transaction, the executive vice president now owns 30,238 shares of the company’s stock, valued at $3,443,201.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert S. Genter sold 3,557 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $109.79, for a total value of $390,523.03. Following the sale, the insider now directly owns 57,155 shares of the company’s stock, valued at $6,275,047.45. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $778,169 in the last three months. Insiders own 1.29% 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 engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
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