Bank of Montreal Can Reduces Position in Science Applications International Co. (NYSE:SAIC)

Bank of Montreal Can reduced its position in Science Applications International Co. (NYSE:SAIC) by 50.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,906 shares of the information technology services provider’s stock after selling 8,136 shares during the quarter. Bank of Montreal Can’s holdings in Science Applications International were worth $884,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in Science Applications International in the 4th quarter valued at $28,000. Jones Financial Companies Lllp increased its stake in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted its position in Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 167 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Science Applications International in the 4th quarter valued at about $77,000. Finally, Tidal Investments LLC bought a new position in Science Applications International in the 3rd quarter worth about $200,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. UBS Group boosted their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. Wells Fargo & Company cut their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus price target of $131.33.

Insider Activity

In related news, Director Milford W. Mcguirt purchased 500 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,260 shares of company stock valued at $365,037. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $116.71 on Friday. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a market cap of $5.57 billion, a PE ratio of 19.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business has a 50-day simple moving average of $107.84 and a two-hundred day simple moving average of $119.02.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. Science Applications International’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.27%. Science Applications International’s payout ratio is presently 20.58%.

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.