Science Applications International Co. (NYSE:SAIC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of Science Applications International Co. (NYSE:SAIC) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,074 shares of the information technology services provider’s stock after selling 4,413 shares during the period. Nuveen Asset Management LLC owned 0.26% of Science Applications International worth $13,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Merit Financial Group LLC acquired a new position in Science Applications International during the 4th quarter valued at about $244,000. First Citizens Bank & Trust Co. acquired a new position in Science Applications International during the 4th quarter valued at about $312,000. Blue Trust Inc. boosted 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 during the period. KBC Group NV raised its position in shares of 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 worth $244,000 after buying an additional 708 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Science Applications International by 4.8% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after buying an additional 100 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Science Applications International news, Director Carolyn B. Handlon bought 230 shares of Science Applications International stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. This trade represents a 6.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Garth Graham bought 215 shares of Science Applications International stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now directly owns 7,159 shares in the company, valued at approximately $835,813.25. The trade was a 3.10% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,260 shares of company stock valued at $365,037. 0.44% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent analyst reports. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Truist Financial dropped their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price target on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group boosted their target price 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $131.20.

Science Applications International Stock Down 4.2%

Shares of NYSE:SAIC opened at $117.28 on Monday. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company’s 50-day moving average price is $116.45 and its two-hundred day moving average price is $114.44. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.60 billion, a P/E ratio of 19.78 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

About Science Applications International

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.