Nisa Investment Advisors LLC Cuts Stock Position in Science Applications International Co. (NYSE:SAIC)

Nisa Investment Advisors LLC cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 79.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,843 shares of the information technology services provider’s stock after selling 10,675 shares during the period. Nisa Investment Advisors LLC’s holdings in Science Applications International were worth $353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Science Applications International during the fourth quarter worth about $25,000. Quarry LP grew its position in shares of Science Applications International by 100.0% during the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after buying an additional 109 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Science Applications International during the fourth quarter worth about $26,000. Gradient Investments LLC grew its position in shares of Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after buying an additional 232 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Science Applications International during the third quarter worth about $37,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Science Applications International

In other Science Applications International 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 value of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Katharina G. Mcfarland sold 760 shares of the company’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 completion of the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent P. Difronzo purchased 795 shares of the business’s stock in a transaction dated 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 purchase, 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. 1.29% of the stock is owned by company insiders.

Science Applications International Stock Performance

Shares of SAIC opened at $123.18 on Friday. The stock has a 50 day moving average price of $133.22 and a 200 day moving average price of $124.60. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.92 and a beta of 0.70. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $2.04 earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Research analysts predict that Science Applications International Co. will post 8.11 EPS 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 26th. Shareholders of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is currently 16.72%.

Wall Street Analysts Forecast Growth

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

Science Applications International Company Profile

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.