Alliancebernstein L.P. Has $8.10 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Alliancebernstein L.P. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,482 shares of the information technology services provider’s stock after selling 1,045 shares during the period. Alliancebernstein L.P.’s holdings in Science Applications International were worth $8,102,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAIC. Arrowstreet Capital Limited Partnership increased its position in Science Applications International by 33.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 258,541 shares of the information technology services provider’s stock valued at $28,900,000 after buying an additional 65,117 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Science Applications International by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after acquiring an additional 142 shares in the last quarter. Norges Bank acquired a new position in shares of Science Applications International during the fourth quarter worth approximately $63,572,000. WINTON GROUP Ltd lifted its holdings in shares of Science Applications International by 2,961.3% in the 4th quarter. WINTON GROUP Ltd now owns 48,460 shares of the information technology services provider’s stock worth $5,417,000 after purchasing an additional 46,877 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in Science Applications International by 285.5% in the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock valued at $17,012,000 after purchasing an additional 102,933 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial lowered their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $132.22.

Insider Buying and Selling

In other news, CEO Toni Townes-Whitley acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carolyn B. Handlon bought 230 shares of the business’s stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $109.93 per share, with a total value of $25,283.90. Following the transaction, the director now directly owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 3,045 shares of company stock valued at $339,935. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Performance

Shares of SAIC opened at $116.51 on Friday. The stock has a 50 day moving average of $106.74 and a 200 day moving average of $119.81. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.65 and a beta of 0.58.

Science Applications International (NYSE:SAIC) last released its earnings results 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 return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

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