Swiss National Bank Reduces Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Swiss National Bank cut its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,415 shares of the information technology services provider's stock after selling 2,600 shares during the period. Swiss National Bank owned about 0.20% of Science Applications International worth $10,889,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Atria Investments Inc increased its holdings in Science Applications International by 56.9% during the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider's stock worth $419,000 after purchasing an additional 1,091 shares during the period. GSA Capital Partners LLP bought a new position in shares of Science Applications International during the 3rd quarter worth $430,000. KBC Group NV increased its stake in shares of Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider's stock valued at $205,000 after buying an additional 196 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Science Applications International during the third quarter valued at $220,000. Finally, Empowered Funds LLC raised its holdings in shares of Science Applications International by 11.6% in the third quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider's stock valued at $651,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently issued reports on SAIC shares. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. UBS Group raised their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Finally, The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $134.00.

Science Applications International Stock Up 3.1 %

Science Applications International stock traded up $3.25 during mid-day trading on Monday, reaching $109.15. 738,180 shares of the company's stock were exchanged, compared to its average volume of 433,859. 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 twelve month low of $94.68 and a twelve month high of $156.34. The company has a market cap of $5.21 billion, a P/E ratio of 18.41 and a beta of 0.66. The company has a fifty day moving average of $107.01 and a 200-day moving average of $122.41.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 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 revenue was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current 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 paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. Science Applications International's payout ratio is 20.58%.

Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the firm's 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 sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by 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.