Sovereign s Capital Management LLC Invests $428,000 in Science Applications International Co. (NYSE:SAIC)

Sovereign s Capital Management LLC acquired a new stake in Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,831 shares of the information technology services provider’s stock, valued at approximately $428,000.

A number of other large investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the fourth quarter worth approximately $28,000. True Wealth Design LLC bought a new position in Science Applications International during the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $58,000. Jones Financial Companies Lllp boosted its stake in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $123.41 on Monday. The business has a 50-day simple moving average of $115.07 and a 200 day simple moving average of $115.35. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 20.81 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio is presently 20.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SAIC. Jefferies Financial Group lifted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company decreased their price target on Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Truist Financial cut their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.20.

Insider Activity at Science Applications International

In other news, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This trade represents a 4.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. This represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,260 shares of company stock valued at $365,037. 0.44% of the stock is 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.