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

Farmers & Merchants Investments Inc. lessened its stake in Science Applications International Co. (NYSE:SAIC) by 49.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other large investors also recently modified their holdings of SAIC. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Science Applications International by 27.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,889 shares of the information technology services provider’s stock valued at $323,000 after purchasing an additional 623 shares in the last quarter. Empowered Funds LLC increased its position in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after buying an additional 874 shares during the last quarter. Savant Capital LLC increased its position in Science Applications International by 308.0% in the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock worth $1,057,000 after buying an additional 7,139 shares during the last quarter. Truist Financial Corp increased its position in Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock worth $430,000 after buying an additional 233 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Science Applications International in the fourth quarter worth $693,000. Institutional investors own 76.00% of the company’s stock.

Insider Activity

In other Science Applications International news, Director Garth Graham purchased 215 shares of the stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now directly owns 7,159 shares of the company’s stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction on Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. The trade was a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,260 shares of company stock valued at $365,037. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SAIC shares. Wells Fargo & Company raised their target price on Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Barclays reduced their price target 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. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Truist Financial reduced their price target 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. Finally, UBS Group reduced their price target 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 given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average target price of $124.20.

Science Applications International Trading Up 0.5%

Shares of SAIC stock opened at $105.43 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $115.57 and a two-hundred day moving average price of $112.12. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The firm has a market cap of $4.94 billion, a P/E ratio of 17.78 and a beta of 0.50.

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

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

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.