Bridgewater Associates LP Lowers Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Bridgewater Associates LP lessened its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 77.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,897 shares of the information technology services provider's stock after selling 6,432 shares during the quarter. Bridgewater Associates LP's holdings in Science Applications International were worth $212,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SAIC. Norges Bank purchased a new stake in Science Applications International during the 4th quarter worth approximately $63,572,000. Bank of New York Mellon Corp grew its holdings in shares of Science Applications International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock valued at $58,497,000 after purchasing an additional 31,374 shares during the period. LSV Asset Management increased its holdings in shares of Science Applications International by 3.2% during the 4th quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider's stock worth $55,237,000 after buying an additional 15,447 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in Science Applications International by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider's stock worth $45,460,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock valued at $36,529,000 after buying an additional 76,204 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Activity at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt bought 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The stock was bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John K. Tien, Jr. bought 215 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the transaction, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This trade represents a 30.54 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,260 shares of company stock worth $365,037 in the last three months. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

SAIC has been the subject of several research analyst reports. Truist Financial lowered their price target on 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. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group raised their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. Wells Fargo & Company cut their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus price target of $131.33.

Science Applications International Stock Down 0.7 %

NYSE:SAIC traded down $0.86 during midday trading on Friday, hitting $121.30. 466,693 shares of the company were exchanged, compared to its average volume of 490,769. The company has a fifty day simple moving average of $109.62 and a 200 day simple moving average of $118.35. The company has a market capitalization of $5.79 billion, a PE ratio of 20.46 and a beta of 0.58. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week 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.

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 EPS for the quarter, beating 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 business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the company posted $1.43 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is presently 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.