Science Applications International Co. (NYSE:SAIC) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,032 shares of the information technology services provider's stock after selling 4,549 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Science Applications International worth $6,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the third quarter valued at about $71,000. Jones Financial Companies Lllp lifted its stake in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after buying an additional 167 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Science Applications International during the third quarter worth about $200,000. Institutional investors and hedge funds own 76.00% of the company's stock.

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Science Applications International Trading Down 1.2 %

NYSE SAIC traded down $1.44 during mid-day trading on Thursday, hitting $114.26. The company's stock had a trading volume of 736,905 shares, compared to its average volume of 464,325. The firm has a market capitalization of $5.45 billion, a P/E ratio of 19.27 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. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The stock's fifty day simple moving average is $106.15 and its two-hundred day simple moving average is $121.15.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Research analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.30%. Science Applications International's dividend payout ratio is presently 20.58%.

Analysts Set New Price Targets

SAIC has been the subject of a number of research reports. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. UBS Group lifted their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, March 18th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial cut their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $134.00.

Insider Buying and Selling at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now owns 45,183 shares of the company's stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Milford W. Mcguirt acquired 500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,815 shares of company stock valued at $314,652 in the last three months. Corporate 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.