Proficio Capital Partners LLC Invests $1.65 Million in Science Applications International Co. (NYSE:SAIC)

Proficio Capital Partners LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,755 shares of the information technology services provider’s stock, valued at approximately $1,649,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International in the 4th quarter worth about $28,000. Quarry LP purchased a new position in Science Applications International during the 3rd quarter valued at about $71,000. Jones Financial Companies Lllp boosted its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares in the last quarter. Tidal Investments LLC purchased a new stake in Science Applications International in the third quarter worth about $200,000. Finally, KBC Group NV increased its stake in shares of Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIC. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lowered their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group upped their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $134.00.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $112.77 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $107.37 and its 200-day moving average price is $122.79. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a market cap of $5.51 billion, a PE ratio of 19.02 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.31%. Science Applications International’s payout ratio is 20.58%.

Insider Buying and Selling at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

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.