MQS Management LLC Sells 1,814 Shares of Science Applications International Co. (NYSE:SAIC)

MQS Management LLC lowered its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 41.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,550 shares of the information technology services provider’s stock after selling 1,814 shares during the period. MQS Management LLC’s holdings in Science Applications International were worth $300,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of Science Applications International during the 2nd quarter worth approximately $392,000. Mercer Global Advisors Inc. ADV boosted its position in Science Applications International by 12.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,583 shares of the information technology services provider’s stock worth $421,000 after purchasing an additional 383 shares during the period. Luts & Greenleigh Group Inc. acquired a new position in shares of Science Applications International in the second quarter valued at $240,000. Dimensional Fund Advisors LP raised its position in shares of Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after purchasing an additional 56,414 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Science Applications International by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,223 shares of the information technology services provider’s stock worth $3,318,000 after buying an additional 3,048 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAIC. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. TD Cowen increased their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Citigroup boosted their price target on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their price objective on Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Science Applications International has a consensus rating of “Hold” and an average price target of $139.75.

Insider Buying and Selling

In other Science Applications International news, EVP Vincent P. Difronzo bought 215 shares of the stock in a transaction on Monday, June 24th. The stock was purchased at an average price of $116.72 per share, with a total value of $25,094.80. Following the completion of the purchase, the executive vice president now owns 2,267 shares in the company, valued at $264,604.24. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Vincent P. Difronzo purchased 215 shares of the stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the acquisition, the executive vice president now owns 2,267 shares of the company’s stock, valued at $264,604.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James Joshua Jackson acquired 400 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the acquisition, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. Insiders acquired a total of 1,715 shares of company stock worth $200,507 in the last ninety days. 0.67% of the stock is owned by insiders.

Science Applications International Stock Up 0.5 %

SAIC stock opened at $135.48 on Friday. The company has a market cap of $6.71 billion, a PE ratio of 15.86 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17. The business has a 50-day simple moving average of $126.96 and a 200 day simple moving average of $127.06.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 EPS. Sell-side analysts anticipate that Science Applications International Co. will post 8.18 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.09%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

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.