Janus Henderson Group PLC Has $2.59 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Janus Henderson Group PLC trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,196 shares of the information technology services provider’s stock after selling 900 shares during the period. Janus Henderson Group PLC’s holdings in Science Applications International were worth $2,592,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SAIC. Merit Financial Group LLC acquired a new stake in Science Applications International in the fourth quarter valued at approximately $244,000. Pure Financial Advisors LLC lifted its holdings in shares of Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International in the 4th quarter valued at $312,000. Blue Trust Inc. increased its stake in Science Applications International by 35.8% during the 4th quarter. Blue Trust Inc. now owns 2,082 shares of the information technology services provider’s stock valued at $233,000 after purchasing an additional 549 shares in the last quarter. Finally, KBC Group NV increased its stake in Science Applications International by 48.0% during the 4th quarter. KBC Group NV now owns 2,182 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 708 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. UBS Group boosted their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Science Applications International has a consensus rating of “Hold” and an average price target of $131.20.

Science Applications International Stock Up 0.4%

SAIC opened at $123.14 on Wednesday. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.77 and a beta of 0.55. The firm has a 50 day moving average price of $115.80 and a 200-day moving average price of $115.25. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, April 11th. Science Applications International’s dividend payout ratio is presently 20.58%.

Insider Activity at Science Applications International

In other Science Applications International news, Director Garth Graham purchased 215 shares of the stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the completion of the acquisition, the director now owns 7,159 shares in the company, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,260 shares of company stock valued at $365,037 over the last 90 days. 0.44% of the stock is owned by corporate insiders.

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.