Science Applications International Co. (NYSE:SAIC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Science Applications International Co. (NYSE:SAICFree Report) by 5.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,043 shares of the information technology services provider’s stock after selling 1,707 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Science Applications International worth $4,048,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after acquiring an additional 194,160 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Science Applications International by 14.8% in the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after acquiring an additional 233,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,023,463 shares of the information technology services provider’s stock worth $127,238,000 after acquiring an additional 21,346 shares during the last quarter. LSV Asset Management boosted its position in shares of Science Applications International by 0.4% in the fourth quarter. LSV Asset Management now owns 604,035 shares of the information technology services provider’s stock worth $75,094,000 after acquiring an additional 2,697 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Science Applications International in the fourth quarter worth approximately $75,040,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Science Applications International news, CEO Toni Townes-Whitley acquired 3,000 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the chief executive officer now directly owns 46,795 shares in the company, valued at approximately $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction dated 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 acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. Insiders acquired a total of 6,110 shares of company stock valued at $744,577 over the last 90 days. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAIC shares. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Wells Fargo & Company raised 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 research report on Tuesday, March 19th. Truist Financial cut their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $125.00.

Read Our Latest Stock Analysis on SAIC

Science Applications International Stock Up 0.5 %

SAIC stock opened at $113.97 on Thursday. Science Applications International Co. has a twelve month low of $104.26 and a twelve month high of $145.17. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.84 billion, a P/E ratio of 13.35 and a beta of 0.69. The firm has a 50 day simple moving average of $124.48 and a 200-day simple moving average of $128.46.

Science Applications International (NYSE:SAICGet Free Report) last released its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $2.14 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts predict that Science Applications International Co. will post 8.1 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, July 12th. Science Applications International’s dividend payout ratio is presently 17.33%.

Science Applications International Company 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)

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