Geode Capital Management LLC Sells 39,371 Shares of Science Applications International Co. (NYSE:SAIC)

Geode Capital Management LLC reduced its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 945,734 shares of the information technology services provider's stock after selling 39,371 shares during the quarter. Geode Capital Management LLC owned about 1.93% of Science Applications International worth $105,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SAIC. Xponance Inc. grew its position in shares of Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after buying an additional 99 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Science Applications International by 4.8% in the fourth 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 acquiring an additional 100 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in 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 acquiring an additional 142 shares during the period. Jones Financial Companies Lllp raised 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 valued at $71,000 after acquiring an additional 156 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock valued at $272,000 after purchasing an additional 160 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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Science Applications International Stock Up 0.1 %

Shares of Science Applications International stock traded up $0.14 on Tuesday, hitting $117.69. The company had a trading volume of 68,526 shares, compared to its average volume of 484,121. The stock has a 50-day moving average of $106.95 and a 200-day moving average of $119.55. 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 twelve month low of $94.68 and a twelve month high of $156.34. The firm has a market capitalization of $5.62 billion, a P/E ratio of 19.85 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during 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 was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. Science Applications International's dividend payout ratio is currently 20.58%.

Insider Activity

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Milford W. Mcguirt bought 500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. This represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock worth $365,037 over the last ninety days. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company decreased their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Science Applications International presently has an average rating of "Hold" and a consensus target price of $131.33.

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.