Schroder Investment Management Group Reduces Position in Science Applications International Co. (NYSE:SAIC)

Schroder Investment Management Group cut its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,118 shares of the information technology services provider's stock after selling 74,730 shares during the period. Schroder Investment Management Group owned 0.27% of Science Applications International worth $14,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the third quarter valued at approximately $71,000. Jones Financial Companies Lllp lifted its position in 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 buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 167 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Science Applications International in the 3rd quarter valued at $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $155.00 to $120.00 in a research report 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 on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $132.22.

Insider Buying and Selling

In other news, Director Carolyn B. Handlon acquired 230 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of $109.93 per share, with a total value of $25,283.90. Following the transaction, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders purchased 3,045 shares of company stock valued at $339,935 in the last three months. 0.67% of the stock is owned by corporate insiders.

Science Applications International Trading Down 0.1 %

NYSE:SAIC traded down $0.07 on Tuesday, reaching $109.01. 798,034 shares of the company's stock were exchanged, compared to its average volume of 474,685. The business has a fifty day moving average of $106.29 and a 200-day moving average of $120.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 18.38 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, analysts expect that Science Applications International Co. will post 8.27 earnings per share 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 paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.36%. Science Applications International's payout ratio is 20.58%.

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.