Vanguard Group Inc. Lowers Stake in Science Applications International Co. (NYSE:SAIC)

Vanguard Group Inc. cut its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,771,295 shares of the information technology services provider's stock after selling 174,593 shares during the period. Vanguard Group Inc. owned about 9.76% of Science Applications International worth $533,335,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SAIC. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the 4th quarter valued at about $28,000. Quarry LP bought a new stake in Science Applications International during the 3rd quarter worth approximately $71,000. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 167 shares during the period. Finally, Tidal Investments LLC purchased a new stake in shares of Science Applications International in the third quarter worth $200,000. Institutional investors own 76.00% of the company's stock.

Insider Buying and Selling

In other news, Director Milford W. Mcguirt purchased 500 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. This represents a 7.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Tien, Jr. acquired 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the acquisition, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 2,815 shares of company stock valued at $314,652 in the last 90 days. Company insiders own 0.67% of the company's stock.

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Science Applications International Price Performance

Shares of NYSE SAIC traded down $2.56 during mid-day trading on Friday, hitting $111.70. 1,328,865 shares of the company's stock traded hands, compared to its average volume of 470,119. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company's 50-day moving average is $106.21 and its two-hundred day moving average is $120.88. The company has a market capitalization of $5.33 billion, a P/E ratio of 18.84 and a beta of 0.58.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. On average, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is currently 20.58%.

Analyst Ratings Changes

SAIC has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a report on Thursday, December 12th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and an average price target of $134.00.

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.