Xponance Inc. decreased its position in Science Applications International Co. (NYSE:SAIC – Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,632 shares of the information technology services provider’s stock after selling 628 shares during the period. Xponance Inc.’s holdings in Science Applications International were worth $746,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $113,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Science Applications International by 32.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,416 shares of the information technology services provider’s stock valued at $384,000 after buying an additional 841 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $35,919,000. Sciencast Management LP purchased a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $510,000. Finally, Foundry Partners LLC grew its stake in shares of Science Applications International by 7.2% in the 2nd quarter. Foundry Partners LLC now owns 68,330 shares of the information technology services provider’s stock valued at $7,686,000 after buying an additional 4,618 shares during the period. Hedge funds and other institutional investors own 75.31% of the company’s stock.
Insiders Place Their Bets
In other Science Applications International news, insider Robert S. Genter sold 3,557 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $109.79, for a total transaction of $390,523.03. Following the sale, the insider now directly owns 57,155 shares in the company, valued at approximately $6,275,047.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.29% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Science Applications International
Science Applications International Price Performance
Science Applications International stock opened at $105.53 on Friday. The firm has a market cap of $5.59 billion, a PE ratio of 11.55 and a beta of 0.74. Science Applications International Co. has a 52-week low of $88.06 and a 52-week high of $123.53. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $115.32 and its two-hundred day moving average is $109.04.
Science Applications International (NYSE:SAIC – Get Free Report) last released its earnings results on Thursday, September 7th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.43. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.69 billion. Science Applications International had a net margin of 6.49% and a return on equity of 25.76%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS. On average, research analysts expect that Science Applications International Co. will post 7.37 EPS for the current fiscal year.
Science Applications International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 16.19%.
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 engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
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