Federated Hermes Inc. decreased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,115 shares of the information technology services provider's stock after selling 2,964 shares during the quarter. Federated Hermes Inc.'s holdings in Science Applications International were worth $2,248,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Xponance Inc. raised its position in 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 in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 100 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock worth $786,000 after buying an additional 142 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 buying an additional 156 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in Science Applications International by 7.0% in the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock valued at $272,000 after buying an additional 160 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
SAIC has been the subject of a number of research reports. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. UBS Group upped their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One investment 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. According to MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $131.33.
Check Out Our Latest Stock Report on SAIC
Science Applications International Price Performance
Shares of NYSE:SAIC traded down $0.37 during trading on Tuesday, reaching $117.18. The company had a trading volume of 437,904 shares, compared to its average volume of 486,242. The company has a fifty day moving average of $106.95 and a two-hundred day moving average of $119.55. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.59 billion, a P/E ratio of 19.76 and a beta of 0.58.
Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations 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 period last year, the firm earned $1.43 earnings per share. Equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.
Science Applications International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, April 11th. Science Applications International's payout ratio is 20.58%.
Insider Activity at Science Applications International
In related news, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the transaction, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Garth Graham purchased 215 shares of Science Applications International stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now directly owns 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,260 shares of company stock worth $365,037 in the last three months. 0.67% of the stock is owned by insiders.
Science Applications International Company Profile
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Free Report)
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.
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