Fifth Third Wealth Advisors LLC Invests $203,000 in Science Applications International Co. (NYSE:SAIC)

Fifth Third Wealth Advisors LLC acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,724 shares of the information technology services provider’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted 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 valued at $32,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp boosted its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares in the last quarter. CWM LLC boosted its position in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in Science Applications International by 150.3% in the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 284 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in Science Applications International in the fourth quarter valued at about $66,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 0.1 %

Shares of NYSE:SAIC opened at $126.86 on Friday. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $6.50 billion, a PE ratio of 14.85 and a beta of 0.69. The company has a 50 day moving average price of $120.00 and a two-hundred day moving average price of $127.44.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, meeting the consensus estimate of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts forecast that Science Applications International Co. will post 8.1 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, July 12th. Science Applications International’s dividend payout ratio is 17.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAIC shares. JPMorgan Chase & Co. reduced their price target 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. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. Finally, Truist Financial dropped their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.00.

Insider Buying and Selling

In other Science Applications International news, EVP James Joshua Jackson bought 400 shares of Science Applications International stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Prabu Natarajan purchased 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the purchase, the chief financial officer now directly owns 60,630 shares in the company, valued at approximately $6,963,355.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Joshua Jackson bought 400 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of $114.28 per share, with a total value of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 3,715 shares of company stock worth $430,207. 0.67% of the stock is owned by insiders.

Science Applications International Company 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.