Farmers & Merchants Investments Inc. Sells 3,948 Shares of Science Applications International Co. (NYSE:SAIC)

Farmers & Merchants Investments Inc. reduced its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 49.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,036 shares of the information technology services provider’s stock after selling 3,948 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Science Applications International were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fifth Third Bancorp lifted its position in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after buying an additional 88 shares during the last quarter. Xponance Inc. raised its position in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 99 shares during the last quarter. Mariner LLC raised its position in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock valued at $433,000 after purchasing an additional 106 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Science Applications International

In other news, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares of the company’s stock, valued at approximately $5,045,585.61. The trade was a 4.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Tien, Jr. acquired 215 shares of Science Applications International stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now directly owns 919 shares of the company’s stock, valued at approximately $107,063.50. This trade represents a 30.54% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 3,260 shares of company stock valued at $365,037. Company insiders own 0.44% of the company’s stock.

Science Applications International Trading Up 0.5%

NYSE SAIC opened at $105.43 on Friday. The business has a 50 day simple moving average of $115.57 and a 200 day simple moving average of $112.12. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock has a market capitalization of $4.94 billion, a P/E ratio of 17.78 and a beta of 0.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period last year, the firm posted $1.92 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, July 11th. 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 20.76%.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several research reports. Wells Fargo & Company increased their target price on Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Barclays dropped their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, June 9th. Truist Financial dropped their target price on Science Applications International from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group dropped their target price on Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $124.20.

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.