Farmers & Merchants Investments Inc. Sells 215 Shares of Science Applications International Co. (NYSE:SAIC)

Farmers & Merchants Investments Inc. reduced its stake in Science Applications International Co. (NYSE:SAIC) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,064 shares of the information technology services provider’s stock after selling 215 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Science Applications International were worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SAIC. Contravisory Investment Management Inc. purchased a new position in Science Applications International in the 4th quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in Science Applications International in the 4th quarter worth approximately $26,000. Parallel Advisors LLC raised its holdings in Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Community Bank N.A. purchased a new position in Science Applications International in the 4th quarter worth approximately $66,000. Finally, Quest Partners LLC purchased a new stake in Science Applications International during the 4th quarter valued at $146,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Prabu Natarajan bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $114.85 per share, with a total value of $229,700.00. Following the acquisition, the chief financial officer now owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Prabu Natarajan bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $114.85 per share, with a total value of $229,700.00. Following the acquisition, the chief financial officer now owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction 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 acquisition, the chief executive officer now directly owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,010 shares of company stock valued at $732,877. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAIC. StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. Truist Financial decreased their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, June 4th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. decreased 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 note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.60.

Science Applications International Trading Up 0.6 %

NYSE:SAIC opened at $116.46 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 15.33 and a beta of 0.69. Science Applications International Co. has a one year low of $104.26 and a one year high of $145.17. The business has a fifty day moving average price of $126.21 and a 200-day moving average price of $128.87.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, hitting the consensus estimate of $1.92. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. Science Applications International’s revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 EPS. Sell-side analysts forecast that Science Applications International Co. will post 8.1 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 26th. Investors of record on Friday, July 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio is currently 17.33%.

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.