Science Applications International Co. (NYSE:SAIC) Stake Decreased by American International Group Inc.

American International Group Inc. lessened its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,501 shares of the information technology services provider’s stock after selling 4,133 shares during the period. American International Group Inc. owned 0.14% of Science Applications International worth $8,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Norges Bank bought a new stake in Science Applications International during the fourth quarter worth approximately $75,040,000. FMR LLC raised its holdings in Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares in the last quarter. First Trust Advisors LP raised its holdings in Science Applications International by 14.8% during the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after purchasing an additional 233,075 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Science Applications International by 3,071.0% during the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after purchasing an additional 129,963 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after purchasing an additional 91,134 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Up 0.1 %

NYSE SAIC opened at $115.21 on Wednesday. Science Applications International Co. has a twelve month low of $104.26 and a twelve month 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 stock has a market cap of $5.90 billion, a price-to-earnings ratio of 13.49 and a beta of 0.73. The firm’s 50 day moving average price is $127.79 and its two-hundred day moving average price is $129.74.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company posted $2.14 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio is currently 17.33%.

Insider Activity

In related news, CFO Prabu Natarajan purchased 2,000 shares of the stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Prabu Natarajan acquired 2,000 shares of Science Applications International stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $114.85 per share, with a total value of $229,700.00. Following the purchase, the chief financial officer now owns 60,630 shares in the company, valued at approximately $6,963,355.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,795 shares of company stock worth $707,782 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAIC. Wells Fargo & Company boosted their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Truist Financial decreased their price target 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, The Goldman Sachs Group decreased their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. One equities 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 stock currently has an average rating of “Hold” and a consensus price target of $126.60.

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.