JPMorgan Chase & Co. Has $22.76 Million Holdings in Science Applications International Co. (NYSE:SAIC)

JPMorgan Chase & Co. reduced its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,642 shares of the information technology services provider's stock after selling 10,664 shares during the quarter. JPMorgan Chase & Co. owned about 0.42% of Science Applications International worth $22,763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new position in Science Applications International in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 167 shares during the period. Tidal Investments LLC acquired a new position in Science Applications International during the 3rd quarter valued at $200,000. Finally, TD Private Client Wealth LLC boosted its holdings in Science Applications International by 53.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider's stock valued at $212,000 after purchasing an additional 532 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SAIC has been the topic of several research reports. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Truist Financial cut their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and cut their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One 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 stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and an average price target of $131.33.

Insider Transactions at Science Applications International

In related news, Director Milford W. Mcguirt purchased 500 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn B. Handlon acquired 230 shares of Science Applications International stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This represents a 6.05 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock valued at $365,037 in the last three months. 0.67% of the stock is owned by corporate insiders.

Science Applications International Price Performance

NYSE:SAIC traded up $0.23 during trading hours on Tuesday, reaching $117.78. The company had a trading volume of 52,510 shares, compared to its average volume of 816,042. 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 has a 50-day moving average of $106.95 and a two-hundred day moving average of $119.55. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The firm has a market capitalization of $5.62 billion, a PE ratio of 19.86 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. 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. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is currently 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.