Sei Investments Co. Raises Holdings in Science Applications International Co. (NYSE:SAIC)

Sei Investments Co. increased its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 17.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,740 shares of the information technology services provider's stock after acquiring an additional 15,173 shares during the period. Sei Investments Co. owned about 0.21% of Science Applications International worth $11,596,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International during the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in Science Applications International in the third quarter worth approximately $71,000. Jones Financial Companies Lllp grew 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 valued at $71,000 after acquiring an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 167 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Science Applications International in the 3rd quarter worth approximately $200,000. Institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SAIC shares. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company raised their price target on Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, Truist Financial lowered their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $134.00.

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Science Applications International Trading Down 1.2 %

Shares of NYSE:SAIC traded down $1.44 on Thursday, hitting $114.26. The company had a trading volume of 736,905 shares, compared to its average volume of 464,325. The firm's 50-day simple moving average is $106.15 and its two-hundred day simple moving average is $121.15. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.27 and a beta of 0.58. 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 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $1.43 earnings per share. Science Applications International's quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Insider Buying and Selling at Science Applications International

In related news, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction dated Friday, March 28th. The stock was bought at an average cost of $111.67 per share, with a total value of $223,340.00. Following the transaction, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,815 shares of company stock valued at $314,652. 0.67% of the stock is currently owned by company insiders.

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.