Raymond James Financial Inc. Buys New Position in Science Applications International Co. (NYSE:SAIC)

Raymond James Financial Inc. purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 89,805 shares of the information technology services provider's stock, valued at approximately $10,038,000. Raymond James Financial Inc. owned approximately 0.18% of Science Applications International as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after buying an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International in the 4th quarter valued at about $312,000. Pure Financial Advisors LLC raised its stake in shares of Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock worth $2,062,000 after acquiring an additional 2,946 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Science Applications International by 219.5% during the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider's stock worth $1,482,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock valued at $137,227,000 after purchasing an additional 18,102 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on SAIC. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. 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. Wells Fargo & Company lifted their price objective on Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. One research 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. According to MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Science Applications International Trading Down 0.6 %

Shares of NYSE:SAIC traded down $0.68 during mid-day trading on Tuesday, reaching $108.47. The stock had a trading volume of 865,970 shares, compared to its average volume of 433,712. The firm has a market cap of $5.18 billion, a PE ratio of 18.29 and a beta of 0.66. The firm has a 50 day simple moving average of $106.83 and a two-hundred day simple moving average of $122.23. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. 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 announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm posted $1.43 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

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.