Science Applications International Co. (NYSE:SAIC) Holdings Trimmed by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 351,771 shares of the information technology services provider's stock after selling 128,445 shares during the quarter. American Century Companies Inc. owned 0.72% of Science Applications International worth $39,321,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Science Applications International during the fourth quarter worth about $3,671,000. Blueshift Asset Management LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $223,000. Teacher Retirement System of Texas grew its holdings in shares of Science Applications International by 75.3% during the fourth quarter. Teacher Retirement System of Texas now owns 45,795 shares of the information technology services provider's stock valued at $5,119,000 after purchasing an additional 19,668 shares during the last quarter. Xponance Inc. grew its holdings in shares of Science Applications International by 1.5% during the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after purchasing an additional 99 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its position in shares of 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 purchasing an additional 3,730 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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Insider Activity

In related news, Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now directly owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,600 shares of company stock worth $289,604. Corporate insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAIC. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. The Goldman Sachs Group lowered their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. UBS Group upped their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Finally, Truist Financial cut their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $134.00.

Science Applications International Price Performance

Shares of NYSE SAIC traded up $1.04 during mid-day trading on Tuesday, reaching $113.31. 629,530 shares of the company traded hands, compared to its average volume of 457,288. The firm has a market cap of $5.41 billion, a PE ratio of 19.11 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The stock has a fifty day simple moving average of $106.16 and a 200-day simple moving average of $121.24.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. Science Applications International's dividend payout ratio (DPR) is 20.58%.

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.