Sei Investments Co. Sells 11,748 Shares of Science Applications International Co. (NYSE:SAIC)

Sei Investments Co. cut its position in Science Applications International Co. (NYSE:SAIC) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,793 shares of the information technology services provider’s stock after selling 11,748 shares during the quarter. Sei Investments Co. owned 0.15% of Science Applications International worth $8,792,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after buying an additional 233,075 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after acquiring an additional 194,160 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Science Applications International by 122.7% during the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after purchasing an additional 113,260 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Science Applications International in the first quarter worth $11,044,000. Finally, Dimensional Fund Advisors LP increased its holdings in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after purchasing an additional 56,414 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the topic of several recent research reports. Citigroup lifted their target price on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Barclays increased their target price on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. boosted their price target on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Truist Financial upped their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $139.75.

Insider Buying and Selling at Science Applications International

In other news, EVP James Joshua Jackson bought 400 shares of the stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Science Applications International news, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michelle A. O’hara acquired 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,500 shares of company stock valued at $175,412. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $137.75 on Friday. The stock’s 50 day moving average price is $128.51 and its two-hundred day moving average price is $126.89. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 16.13 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Science Applications International Co. has a 52-week low of $104.46 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $2.05 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that Science Applications International Co. will post 8.17 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Science Applications International 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.