Bank of Montreal Can Has $884,000 Stock Position in Science Applications International Co. (NYSE:SAIC)

Bank of Montreal Can trimmed its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,906 shares of the information technology services provider's stock after selling 8,136 shares during the period. Bank of Montreal Can's holdings in Science Applications International were worth $884,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new position in Science Applications International during the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 167 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Science Applications International during the fourth quarter valued at $77,000. Finally, Tidal Investments LLC acquired a new stake in shares of Science Applications International during the third quarter worth $200,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In related news, Director Milford W. Mcguirt bought 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 completion of the acquisition, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carolyn B. Handlon purchased 230 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the purchase, the director now directly owns 4,032 shares in the company, valued at $443,237.76. This represents a 6.05 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,260 shares of company stock valued at $365,037. 0.67% of the stock is owned by insiders.

Science Applications International Price Performance

Shares of NYSE:SAIC traded up $1.73 during trading on Thursday, reaching $121.56. The company had a trading volume of 80,448 shares, compared to its average volume of 487,497. The firm's fifty day moving average is $108.84 and its 200 day moving average is $118.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $5.80 billion, a PE ratio of 20.47 and a beta of 0.58. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share 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 firm 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 firm posted $1.43 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAIC. Wells Fargo & Company dropped their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. Finally, Truist Financial reduced their price target on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $131.33.

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.