Corient Private Wealth LLC Has $487,000 Stock Position in Science Applications International Co. (NYSE:SAIC)

Corient Private Wealth LLC trimmed its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,356 shares of the information technology services provider's stock after selling 2,818 shares during the quarter. Corient Private Wealth LLC's holdings in Science Applications International were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bank of Montreal Can lifted its holdings in Science Applications International by 116.1% during the 3rd quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider's stock worth $2,210,000 after buying an additional 8,617 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Science Applications International by 79.0% during the third quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider's stock worth $1,535,000 after acquiring an additional 4,866 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Science Applications International during the third quarter valued at $254,000. Benjamin Edwards Inc. bought a new position in Science Applications International in the third quarter valued at about $617,000. Finally, Holocene Advisors LP acquired a new stake in Science Applications International in the third quarter worth about $2,005,000. 76.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SAIC. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. 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 report on Friday, December 6th. Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Finally, Truist Financial decreased their price objective 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. One 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $134.00.

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Insider Transactions at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John K. Tien, Jr. purchased 215 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the completion of the purchase, the director now directly owns 919 shares in the company, valued at approximately $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,815 shares of company stock valued at $314,652 over the last quarter. Corporate insiders own 0.67% of the company's stock.

Science Applications International Trading Up 2.1 %

Shares of SAIC traded up $2.39 during trading hours on Wednesday, reaching $115.70. The stock had a trading volume of 1,470,986 shares, compared to its average volume of 462,092. The company has a market cap of $5.52 billion, a P/E ratio of 19.51 and a beta of 0.66. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $106.08 and a 200 day moving average of $121.20.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $1.43 earnings per share. Science Applications International's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 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.