Science Applications International Co. (NYSE:SAIC) Position Cut by Boston Partners

Boston Partners lessened its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,302,867 shares of the information technology services provider's stock after selling 642,481 shares during the period. Boston Partners owned approximately 4.71% of Science Applications International worth $257,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cornerstone Planning Group LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $28,000. Quarry LP purchased a new position in Science Applications International during the 3rd quarter valued at about $71,000. Jones Financial Companies Lllp increased its stake in shares of Science Applications International by 32.3% during the 4th 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Science Applications International by 33.1% during the 4th 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 in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Science Applications International during the 3rd quarter worth approximately $200,000. Institutional investors and hedge funds own 76.00% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Science Applications International presently has an average rating of "Hold" and an average target price of $134.00.

Science Applications International Trading Down 0.1 %

SAIC traded down $0.08 during trading on Friday, hitting $105.90. 1,180,355 shares of the company's stock were exchanged, compared to its average volume of 432,636. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a 50 day moving average price of $107.01 and a 200 day moving average price of $122.46. The firm has a market cap of $5.18 billion, a P/E ratio of 17.86 and a beta of 0.66.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. As a group, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International's payout ratio is currently 20.58%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company's stock, valued at $807,892.80. This represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Science Applications International Company 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.