Orion Portfolio Solutions LLC Cuts Position in Science Applications International Co. (NYSE:SAIC)

Orion Portfolio Solutions LLC reduced its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,112 shares of the information technology services provider's stock after selling 3,208 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Science Applications International were worth $2,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of Science Applications International in the third quarter worth $71,000. Jones Financial Companies Lllp increased its position in shares of Science Applications International by 32.3% during 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 period. EverSource Wealth Advisors LLC increased its position in shares of 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. Finally, Tidal Investments LLC acquired a new stake in shares of Science Applications International in the third quarter valued at $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Science Applications International

In related news, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares of the company's stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,815 shares of company stock worth $314,652. Insiders own 0.67% of the company's stock.

Science Applications International Stock Down 2.2 %

Shares of NYSE SAIC traded down $2.56 during mid-day trading on Friday, reaching $111.70. The company had a trading volume of 1,328,865 shares, compared to its average volume of 470,119. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The stock has a market cap of $5.33 billion, a P/E ratio of 18.84 and a beta of 0.58. 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 firm has a 50 day simple moving average of $106.21 and a two-hundred day simple moving average of $120.79.

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 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The business 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 business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Analyst Upgrades and Downgrades

SAIC has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. 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 research note on Tuesday, March 18th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.00.

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.