Pure Financial Advisors LLC Decreases Holdings in Science Applications International Co. (NYSE:SAIC)

Pure Financial Advisors LLC cut its stake in Science Applications International Co. (NYSE:SAIC) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,181 shares of the information technology services provider’s stock after selling 1,266 shares during the quarter. Pure Financial Advisors LLC’s holdings in Science Applications International were worth $1,929,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 88 shares during the period. Xponance Inc. lifted its holdings in Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock worth $768,000 after buying an additional 99 shares in the last quarter. Mariner LLC lifted its holdings in Science Applications International by 2.8% in the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock worth $433,000 after buying an additional 106 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after buying an additional 142 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Up 2.5%

NYSE:SAIC opened at $107.60 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $114.07 and a 200-day moving average of $111.23. The firm has a market capitalization of $5.04 billion, a PE ratio of 18.15 and a beta of 0.50. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same period last year, the business posted $1.92 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. Analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Friday, July 11th. Science Applications International’s payout ratio is 20.76%.

Wall Street Analyst Weigh In

SAIC has been the topic of several recent analyst reports. UBS Group cut their price target on Science Applications International from $121.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 3rd. Barclays cut their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, June 9th. JPMorgan Chase & Co. reduced their target price on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, Jefferies Financial Group upped their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $124.73.

Insiders Place Their Bets

In related news, Director Carolyn B. Handlon bought 230 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director now directly owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Garth Graham bought 215 shares of the stock in a transaction on Monday, April 14th. The shares were bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now owns 7,159 shares in the company, valued at $835,813.25. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,660 shares of company stock worth $298,773. Insiders own 0.44% 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 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.