Wellington Management Group LLP Sells 1,031,285 Shares of Science Applications International Co. (NYSE:SAIC)

Wellington Management Group LLP decreased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 37.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,715,795 shares of the information technology services provider's stock after selling 1,031,285 shares during the period. Wellington Management Group LLP owned approximately 3.51% of Science Applications International worth $191,792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the fourth quarter valued at approximately $28,000. Quarry LP bought a new stake in Science Applications International during the 3rd quarter valued at $71,000. Jones Financial Companies Lllp raised its holdings in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Science Applications International by 33.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after buying an additional 167 shares during the period. Finally, Tidal Investments LLC bought a new stake in Science Applications International in the 3rd quarter worth $200,000. Institutional investors own 76.00% of the company's stock.

Insider Activity at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. acquired 215 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the transaction, the director now owns 919 shares of the company's stock, valued at $107,063.50. The trade was a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, for a total transaction 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 disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,815 shares of company stock valued at $314,652. 0.67% of the stock is owned by insiders.

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Science Applications International Stock Down 2.3 %

NYSE:SAIC traded down $2.62 during mid-day trading on Monday, hitting $109.08. 967,659 shares of the company's stock were exchanged, compared to its average volume of 472,101. The company has a market cap of $5.21 billion, a PE ratio of 18.39 and a beta of 0.58. 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 one year low of $94.68 and a one year high of $156.34. The business has a fifty day moving average price of $106.18 and a 200 day moving average price of $120.61.

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

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.