EntryPoint Capital LLC Sells 1,293 Shares of Science Applications International Co. (NYSE:SAIC)

EntryPoint Capital LLC lowered its position in Science Applications International Co. (NYSE:SAIC) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,076 shares of the information technology services provider’s stock after selling 1,293 shares during the quarter. EntryPoint Capital LLC’s holdings in Science Applications International were worth $232,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International during the 4th quarter worth $28,000. Quarry LP purchased a new position in Science Applications International during the 3rd quarter valued at about $71,000. Jones Financial Companies Lllp raised its holdings in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 167 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Science Applications International during the third quarter valued at approximately $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Milford W. Mcguirt acquired 500 shares of the stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SAIC shares. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, UBS Group lifted their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.00.

Science Applications International Trading Up 1.1 %

Shares of Science Applications International stock opened at $112.53 on Friday. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The firm’s 50 day simple moving average is $106.36 and its two-hundred day simple moving average is $121.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 18.98 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

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.