Amalgamated Bank cut its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,437 shares of the information technology services provider's stock after selling 7,664 shares during the quarter. Amalgamated Bank's holdings in Science Applications International were worth $3,403,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of Science Applications International by 47.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,237 shares of the information technology services provider's stock valued at $1,596,000 after buying an additional 3,935 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Science Applications International in the 1st quarter worth approximately $468,000. Empowered Funds LLC acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $1,069,000. SG Americas Securities LLC increased its position in shares of Science Applications International by 7.0% during the first quarter. SG Americas Securities LLC now owns 9,327 shares of the information technology services provider's stock valued at $1,216,000 after purchasing an additional 614 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Science Applications International by 53.9% in the first quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider's stock valued at $11,284,000 after purchasing an additional 30,325 shares in the last quarter. 76.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Truist Financial boosted their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a report on Friday, September 6th. Barclays increased their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. Citigroup upped their price objective on Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus price target of $150.43.
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Science Applications International Price Performance
Shares of NYSE:SAIC traded up $3.03 during trading on Friday, reaching $151.97. The stock had a trading volume of 400,067 shares, compared to its average volume of 239,917. The stock has a market capitalization of $7.53 billion, a PE ratio of 27.33 and a beta of 0.70. Science Applications International Co. has a 52 week low of $109.46 and a 52 week high of $156.34. The business's 50-day moving average price is $141.11 and its 200 day moving average price is $130.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.
Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current year.
Science Applications International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, October 11th. Science Applications International's dividend payout ratio is presently 26.62%.
Science Applications International Company Profile
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Free Report)
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.
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