Franklin Resources Inc. Has $4.90 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Franklin Resources Inc. boosted its holdings in Science Applications International Co. (NYSE:SAICFree Report) by 38.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,418 shares of the information technology services provider’s stock after purchasing an additional 11,027 shares during the quarter. Franklin Resources Inc. owned 0.08% of Science Applications International worth $4,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Treasurer of the State of North Carolina increased its holdings in Science Applications International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock valued at $2,573,000 after buying an additional 123 shares during the period. Parkside Financial Bank & Trust increased its holdings in Science Applications International by 17.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 161 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in Science Applications International by 1.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider’s stock valued at $1,101,000 after buying an additional 163 shares during the period. Contravisory Investment Management Inc. bought a new position in Science Applications International in the 4th quarter valued at about $25,000. Finally, CVA Family Office LLC bought a new position in Science Applications International in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SAIC. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Wells Fargo & Company boosted their target price 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. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. Finally, Truist Financial reissued a “hold” rating and set a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $127.60.

Get Our Latest Report on Science Applications International

Science Applications International Stock Up 1.2 %

Shares of NYSE SAIC opened at $134.65 on Friday. The firm has a market cap of $6.90 billion, a PE ratio of 16.87 and a beta of 0.70. Science Applications International Co. has a 12-month low of $96.78 and a 12-month high of $145.17. The company’s fifty day simple moving average is $130.91 and its 200 day simple moving average is $129.56. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAICGet Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 earnings per share. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Toni Townes-Whitley bought 3,000 shares of the stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the acquisition, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.