Mutual of America Capital Management LLC Reduces Stake in Science Applications International Co. (NYSE:SAIC)

Mutual of America Capital Management LLC decreased its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,750 shares of the information technology services provider’s stock after selling 2,177 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Science Applications International were worth $4,071,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SAIC. UBS Group AG raised its position in Science Applications International by 108.7% during the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock worth $5,702,000 after buying an additional 28,139 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after acquiring an additional 91,134 shares during the period. FMR LLC raised its holdings in Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Invesco Ltd. boosted its holdings in Science Applications International by 11.7% in the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock valued at $65,030,000 after purchasing an additional 64,406 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of Science Applications International during the 3rd quarter worth approximately $422,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of analyst reports. Truist Financial restated a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $127.60.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $124.04 on Wednesday. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 15.36 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average price is $133.43 and its 200 day moving average price is $124.61.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, research analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.37 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.19%. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Insider Activity at Science Applications International

In related news, EVP Vincent P. Difronzo purchased 795 shares of the business’s stock in a transaction on Friday, April 12th. The shares were bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vincent P. Difronzo acquired 795 shares of the stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. Insiders own 1.29% of the company’s stock.

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.