Inspire Investing LLC Buys Shares of 6,787 Science Applications International Co. (NYSE:SAIC)

Inspire Investing LLC bought a new stake in Science Applications International Co. (NYSE:SAIC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,787 shares of the information technology services provider’s stock, valued at approximately $885,000.

Several other large investors have also recently made changes to their positions in the company. BlackDiamond Wealth Management LLC increased its stake in shares of Science Applications International by 1.6% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock worth $668,000 after acquiring an additional 80 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Science Applications International by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the information technology services provider’s stock valued at $1,956,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC grew its position in Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System raised its position in Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after purchasing an additional 100 shares during the period. Finally, Oliver Luxxe Assets LLC raised its holdings in Science Applications International by 1.3% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock valued at $1,187,000 after buying an additional 119 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

SAIC opened at $123.00 on Wednesday. Science Applications International Co. has a 1-year low of $104.26 and a 1-year high of $145.17. The stock has a market cap of $6.30 billion, a P/E ratio of 15.43 and a beta of 0.69. The stock’s 50 day simple moving average is $123.40 and its 200 day simple moving average is $128.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $2.14 earnings per share. Science Applications International’s revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that Science Applications International Co. will post 8.1 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, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Insider Activity

In related news, EVP Vincent P. Difronzo purchased 215 shares of the company’s stock in a transaction on Monday, June 24th. The stock was bought at an average price of $116.72 per share, with a total value of $25,094.80. Following the completion of the transaction, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Prabu Natarajan bought 2,000 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $114.85 per share, with a total value of $229,700.00. Following the purchase, the chief financial officer now owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Vincent P. Difronzo purchased 215 shares of the business’s stock in a transaction on Monday, June 24th. The stock was acquired at an average price of $116.72 per share, with a total value of $25,094.80. Following the completion of the acquisition, the executive vice president now directly owns 2,267 shares in the company, valued at approximately $264,604.24. The disclosure for this purchase can be found here. Insiders have acquired 3,715 shares of company stock worth $430,207 over the last ninety days. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SAIC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. StockNews.com cut Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Wells Fargo & Company increased their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. Finally, Truist Financial lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.00.

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.