Heartland Advisors Inc. Decreases Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Heartland Advisors Inc. cut its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 56.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,000 shares of the information technology services provider's stock after selling 45,544 shares during the period. Heartland Advisors Inc. owned approximately 0.07% of Science Applications International worth $3,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock worth $72,269,000 after acquiring an additional 6,780 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Science Applications International by 116.1% in the third quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider's stock worth $2,210,000 after purchasing an additional 8,617 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $1,535,000 after purchasing an additional 4,866 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of Science Applications International during the third quarter valued at $254,000. Finally, Benjamin Edwards Inc. bought a new stake in Science Applications International in the 3rd quarter worth about $617,000. Institutional investors own 76.00% of the company's stock.

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Insider Buying and Selling at Science Applications International

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction 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 transaction, the director now owns 6,864 shares of the company's stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 2,600 shares of company stock valued at $289,604 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Science Applications International Stock Performance

NYSE:SAIC traded up $3.56 during mid-day trading on Wednesday, hitting $116.87. 763,023 shares of the company traded hands, compared to its average volume of 458,689. 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 stock's fifty day moving average price is $106.16 and its 200-day moving average price is $121.24. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 19.71 and a beta of 0.66. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

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 the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.27%. Science Applications International's payout ratio is presently 20.58%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAIC shares. Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Truist Financial dropped 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. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Science Applications International has an average rating of "Hold" and a consensus price target of $134.00.

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.