Fmr LLC Sells 166,759 Shares of Science Applications International Co. (NYSE:SAIC)

FMR LLC decreased its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,230,617 shares of the information technology services provider's stock after selling 166,759 shares during the quarter. FMR LLC owned 4.50% of Science Applications International worth $310,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Larson Financial Group LLC acquired a new position in shares of Science Applications International in the 2nd quarter valued at $27,000. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC increased its holdings in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC lifted its holdings in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays raised their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a report on Monday, September 16th. Truist Financial lifted their price target on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, September 6th. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Science Applications International from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.00.

Science Applications International Stock Up 0.8 %

SAIC traded up $0.96 during trading on Friday, reaching $124.25. 219,182 shares of the stock were exchanged, compared to its average volume of 506,967. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50 day moving average price is $139.60 and its two-hundred day moving average price is $129.90. Science Applications International Co. has a twelve month low of $112.00 and a twelve month high of $156.34. The stock has a market cap of $6.15 billion, a P/E ratio of 22.35 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. Science Applications International's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 EPS. Equities analysts expect that Science Applications International Co. will post 8.21 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is presently 26.62%.

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.