Amalgamated Bank Reduces Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Amalgamated Bank lowered its holdings in Science Applications International Co. (NYSE:SAIC) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,380 shares of the information technology services provider’s stock after selling 1,216 shares during the quarter. Amalgamated Bank’s holdings in Science Applications International were worth $2,513,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after purchasing an additional 464,989 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after buying an additional 3,078 shares during the period. Norges Bank purchased a new stake in shares of Science Applications International in the fourth quarter worth about $63,572,000. LSV Asset Management grew its holdings in Science Applications International by 3.2% during the fourth quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider’s stock worth $55,237,000 after acquiring an additional 15,447 shares during the period. Finally, Northern Trust Corp raised its position in Science Applications International by 12.9% during the fourth quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider’s stock valued at $51,258,000 after acquiring an additional 52,422 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insiders Place Their Bets

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

Science Applications International Stock Up 0.8%

Shares of NYSE SAIC opened at $118.50 on Friday. Science Applications International Co. has a 52-week low of $94.68 and a 52-week 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. The company’s 50-day simple moving average is $113.46 and its 200-day simple moving average is $111.23. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 19.98 and a beta of 0.49.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus initiated coverage on Science Applications International in a research report on Tuesday, June 24th. They issued a “buy” rating and a $130.00 price objective on the stock. UBS Group decreased their target price on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. Jefferies Financial Group raised their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Barclays cut their price objective on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, June 9th. Finally, Wells Fargo & Company upped their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $124.73.

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.