Science Applications International Co. (NYSE:SAIC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in Science Applications International Co. (NYSE:SAIC) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,748 shares of the information technology services provider’s stock after selling 7,989 shares during the period. Legal & General Group Plc owned 0.16% of Science Applications International worth $8,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIC. Norges Bank acquired a new position in shares of Science Applications International in the fourth quarter valued at about $63,572,000. Bank of New York Mellon Corp increased its holdings in Science Applications International by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock worth $58,497,000 after buying an additional 31,374 shares during the period. Horizon Kinetics Asset Management LLC raised its position in Science Applications International by 0.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider’s stock worth $45,460,000 after buying an additional 3,730 shares during the last quarter. Van ECK Associates Corp lifted its stake in Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after acquiring an additional 76,204 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Science Applications International by 33.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 258,541 shares of the information technology services provider’s stock worth $28,900,000 after acquiring an additional 65,117 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC opened at $116.71 on Friday. The firm’s fifty day simple moving average is $107.61 and its two-hundred day simple moving average is $119.36. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 19.68 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.43 EPS. Science Applications International’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Insider Activity

In related news, Director Milford W. Mcguirt purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Garth Graham acquired 215 shares of the stock in a transaction on Monday, April 14th. The shares were bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now directly owns 7,159 shares of the company’s stock, valued at $835,813.25. The trade was a 3.10 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock worth $365,037 over the last three months. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, March 18th. Truist Financial dropped their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday. One 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, Science Applications International currently has an average rating of “Hold” and an average target price of $131.33.

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.