Commonwealth Equity Services LLC Purchases 758 Shares of Science Applications International Co. (NYSE:SAIC)

Commonwealth Equity Services LLC grew its position in shares of Science Applications International Co. (NYSE:SAIC) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,749 shares of the information technology services provider’s stock after buying an additional 758 shares during the period. Commonwealth Equity Services LLC’s holdings in Science Applications International were worth $531,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after acquiring an additional 132,976 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Science Applications International during the 4th quarter worth approximately $10,038,000. Van ECK Associates Corp grew its position in shares of 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 worth $36,529,000 after purchasing an additional 76,204 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Science Applications International during the fourth quarter worth approximately $4,494,000. Finally, ING Groep NV acquired a new stake in shares of Science Applications International in the fourth quarter valued at approximately $3,912,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the topic of a number of analyst reports. Truist Financial reduced their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. reduced their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company upped their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $134.00.

Science Applications International Price Performance

SAIC stock opened at $111.70 on Friday. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 18.84 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50 day simple moving average of $106.21 and a 200 day simple moving average of $120.97. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results 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 net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John K. Tien, Jr. bought 215 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $116.50 per share, with a total value of $25,047.50. Following the completion of the transaction, the director now owns 919 shares in the company, valued at $107,063.50. The trade was a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,815 shares of company stock worth $314,652. Insiders own 0.67% of the company’s stock.

About Science Applications International

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.