Mutual of America Capital Management LLC Trims Stock Position in Science Applications International Co. (NYSE:SAIC)

Mutual of America Capital Management LLC lowered its stake in shares of Science Applications International Co. (NYSE:SAIC) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,357 shares of the information technology services provider’s stock after selling 1,686 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Science Applications International worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after purchasing an additional 194,160 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after purchasing an additional 233,075 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after acquiring an additional 56,414 shares during the period. Norges Bank purchased a new position in shares of Science Applications International in the 4th quarter valued at $75,040,000. Finally, Bank of New York Mellon Corp increased its stake in Science Applications International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after buying an additional 25,807 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity at Science Applications International

In related news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares in the company, valued at $1,563,007.56. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michelle A. O’hara purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Insiders have bought a total of 1,500 shares of company stock worth $175,412 over the last quarter. Company insiders own 0.67% of the company’s stock.

Science Applications International Trading Up 1.7 %

Science Applications International stock opened at $137.78 on Tuesday. The firm has a 50-day moving average of $127.35 and a 200-day moving average of $126.81. Science Applications International Co. has a one year low of $104.26 and a one year high of $145.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 16.13 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Science Applications International Co. will post 8.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.07%. Science Applications International’s payout ratio is 17.33%.

Analysts Set New Price Targets

SAIC has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Truist Financial boosted their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. boosted their target price on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.75.

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.