Banque Cantonale Vaudoise Reduces Stock Position in Science Applications International Co. (NYSE:SAIC)

Banque Cantonale Vaudoise lowered its stake in Science Applications International Co. (NYSE:SAIC) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,051 shares of the information technology services provider’s stock after selling 682 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Science Applications International were worth $1,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAIC. International Assets Investment Management LLC bought a new position in Science Applications International in the second quarter worth approximately $78,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Science Applications International by 5.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,404 shares of the information technology services provider’s stock worth $1,341,000 after acquiring an additional 552 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Science Applications International in the second quarter worth approximately $1,054,000. Bank of New York Mellon Corp raised its position in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after acquiring an additional 25,807 shares during the period. Finally, Macroview Investment Management LLC bought a new position in Science Applications International in the second quarter worth approximately $158,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, with a total value of $45,712.00. Following the purchase, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,715 shares of company stock worth $430,207. Insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

Shares of SAIC stock traded up $1.37 on Friday, hitting $130.59. 268,997 shares of the stock traded hands, compared to its average volume of 201,879. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 17.03 and a beta of 0.69. The firm has a 50 day simple moving average of $121.65 and a two-hundred day simple moving average of $127.43. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.92. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. Science Applications International’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 EPS. As a group, equities research analysts predict that Science Applications International Co. will post 8.06 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. Science Applications International’s dividend payout ratio is currently 17.33%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SAIC shares. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Truist Financial decreased their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.