Wambolt & Associates LLC Has $1.01 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Wambolt & Associates LLC trimmed its stake in Science Applications International Co. (NYSE:SAIC) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,988 shares of the information technology services provider’s stock after selling 799 shares during the period. Wambolt & Associates LLC’s holdings in Science Applications International were worth $1,005,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SAIC. Prudential Financial Inc. raised its position in shares of Science Applications International by 285.5% during the fourth quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock worth $17,012,000 after acquiring an additional 102,933 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Science Applications International in the 4th quarter valued at $229,000. Fox Run Management L.L.C. acquired a new stake in shares of Science Applications International during the fourth quarter worth $759,000. KLP Kapitalforvaltning AS bought a new position in Science Applications International during the fourth quarter worth $1,414,000. Finally, AXQ Capital LP grew its holdings in Science Applications International by 8.6% during the 4th quarter. AXQ Capital LP now owns 2,868 shares of the information technology services provider’s stock worth $321,000 after acquiring an additional 227 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Trading Up 3.1 %

Shares of SAIC stock opened at $109.15 on Tuesday. The firm has a market cap of $5.21 billion, a P/E ratio of 18.41 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business has a 50-day moving average price of $106.83 and a two-hundred day moving average price of $122.23.

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

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.36%. Science Applications International’s payout ratio is 20.58%.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Finally, UBS Group lifted their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Insider Buying and Selling at Science Applications International

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

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.