Wells Fargo & Company MN Buys 2,891 Shares of Science Applications International Co. (NYSE:SAIC)

Wells Fargo & Company MN increased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,140 shares of the information technology services provider's stock after buying an additional 2,891 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Science Applications International worth $6,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Science Applications International during the 4th quarter valued at $63,572,000. Bank of New York Mellon Corp boosted its position in Science Applications International by 6.4% during 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 last quarter. Horizon Kinetics Asset Management LLC grew its stake in Science Applications International by 0.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider's stock valued at $45,460,000 after purchasing an additional 3,730 shares in the last quarter. Van ECK Associates Corp increased its position 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 worth $36,529,000 after purchasing an additional 76,204 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Science Applications International by 33.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 258,541 shares of the information technology services provider's stock worth $28,900,000 after purchasing an additional 65,117 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley purchased 2,000 shares of the firm's 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 completion of the purchase, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 3,260 shares of company stock worth $365,037 over the last three months. Company insiders own 0.67% of the company's stock.

Science Applications International Stock Performance

Shares of SAIC stock traded up $1.85 during trading hours on Thursday, reaching $121.68. 80,448 shares of the company's stock were exchanged, compared to its average volume of 487,505. 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 quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.81 billion, a P/E ratio of 20.47 and a beta of 0.58. The business has a fifty day moving average price of $108.84 and a 200-day moving average price of $118.65.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.22%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Truist Financial cut their price target on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $131.33.

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.