Prudential Financial Inc. Has $17.01 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Prudential Financial Inc. lifted its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 285.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,987 shares of the information technology services provider's stock after purchasing an additional 102,933 shares during the quarter. Prudential Financial Inc. owned about 0.28% of Science Applications International worth $17,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International in the fourth quarter worth $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the 3rd quarter worth about $71,000. Jones Financial Companies Lllp lifted its position in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Science Applications International by 33.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 167 shares during the period. Finally, Tidal Investments LLC bought a new position in Science Applications International in the 3rd quarter worth about $200,000. Institutional investors own 76.00% of the company's stock.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 2,600 shares of company stock valued at $289,604 over the last three months. Company insiders own 0.67% of the company's stock.

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Analysts Set New Price Targets

SAIC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. UBS Group raised their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Truist Financial decreased their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Science Applications International Price Performance

NYSE SAIC traded up $1.04 on Tuesday, reaching $113.31. The company's stock had a trading volume of 629,530 shares, compared to its average volume of 457,288. The firm's 50 day moving average is $106.16 and its two-hundred day moving average is $121.24. The stock has a market cap of $5.41 billion, a PE ratio of 19.11 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a twelve month low of $94.68 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The business 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 business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

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.