Science Applications International Co. (NYSE:SAIC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,172 shares of the information technology services provider's stock after selling 2,646 shares during the period. Franklin Resources Inc.'s holdings in Science Applications International were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIC. Arrowstreet Capital Limited Partnership boosted its stake in shares of Science Applications International by 33.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 258,541 shares of the information technology services provider's stock worth $28,900,000 after buying an additional 65,117 shares during the period. Pictet Asset Management Holding SA raised its stake in Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after acquiring an additional 142 shares during the last quarter. Norges Bank acquired a new stake in Science Applications International during the 4th quarter worth approximately $63,572,000. WINTON GROUP Ltd grew its stake in shares of Science Applications International by 2,961.3% in the 4th quarter. WINTON GROUP Ltd now owns 48,460 shares of the information technology services provider's stock valued at $5,417,000 after purchasing an additional 46,877 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Science Applications International by 285.5% in the fourth quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider's stock valued at $17,012,000 after purchasing an additional 102,933 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Trading Up 0.3 %

Shares of SAIC opened at $116.71 on Friday. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. 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 market capitalization of $5.57 billion, a P/E ratio of 19.68 and a beta of 0.58. The firm's 50-day moving average is $107.61 and its two-hundred day moving average is $119.36.

Science Applications International (NYSE:SAIC - Get Free Report) last released 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 return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The company's 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 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday. UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial lowered 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and an average price target of $131.33.

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock worth $365,037 in the last three months. Corporate insiders own 0.67% of the company's stock.

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.

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