Legal & General Group Plc Has $8.91 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Legal & General Group Plc lessened its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 79,748 shares of the information technology services provider's stock after selling 7,989 shares during the period. Legal & General Group Plc owned about 0.16% of Science Applications International worth $8,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SAIC. Cornerstone Planning Group LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 167 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Science Applications International in the 4th quarter valued at about $77,000. Finally, Tidal Investments LLC purchased a new position in shares of Science Applications International during the 3rd quarter worth approximately $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Up 1.8 %

Shares of Science Applications International stock traded up $2.08 on Wednesday, reaching $120.80. 73,375 shares of the company were exchanged, compared to its average volume of 486,587. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.37 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 stock has a fifty day moving average price of $108.46 and a 200-day moving average price of $118.64.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect that Science Applications International Co. will post 8.27 EPS 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. Shareholders 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 yield of 1.23%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Analysts Set New Price Targets

A number of research firms recently commented on SAIC. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Truist Financial cut their price objective 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. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. UBS Group increased their price target on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company lowered their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $131.33.

Insider Buying and Selling

In other Science Applications International news, Director John K. Tien, Jr. purchased 215 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the acquisition, the director now directly owns 919 shares in the company, valued at $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn B. Handlon bought 230 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. The trade was a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 3,260 shares of company stock worth $365,037. 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.