Anchor Capital Advisors LLC Sells 115 Shares of Science Applications International Co. (NYSE:SAIC)

Anchor Capital Advisors LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 1.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,460 shares of the information technology services provider’s stock after selling 115 shares during the period. Anchor Capital Advisors LLC’s holdings in Science Applications International were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Science Applications International in the fourth quarter worth $25,000. CVA Family Office LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at about $26,000. Gradient Investments LLC increased its position 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 valued at $27,000 after purchasing an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Science Applications International by 92.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock worth $46,000 after buying an additional 208 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in Science Applications International during the fourth quarter valued at approximately $66,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 1.1 %

Shares of NYSE:SAIC opened at $128.70 on Wednesday. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17. The firm has a market capitalization of $6.60 billion, a P/E ratio of 16.49 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The business’s 50-day moving average is $132.38 and its 200 day moving average is $125.86.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 EPS. On average, research analysts predict that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAIC. JPMorgan Chase & Co. dropped their price target 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. The Goldman Sachs Group dropped their price objective on Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. 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. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company boosted their target price 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. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $127.60.

Insiders Place Their Bets

In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the acquisition, the chief executive officer now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were 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 in the company, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Insiders own 1.29% of the company’s stock.

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.