Amalgamated Bank Cuts Position in Science Applications International Co. (NYSE:SAIC)

Amalgamated Bank reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,351 shares of the information technology services provider’s stock after selling 3,910 shares during the period. Amalgamated Bank owned about 0.07% of Science Applications International worth $4,519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SAIC. FMR LLC grew its stake in Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Assetmark Inc. acquired a new stake in Science Applications International in the third quarter valued at approximately $19,562,000. Qube Research & Technologies Ltd lifted its stake in Science Applications International by 3,071.0% in the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after acquiring an additional 129,963 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Science Applications International by 12,348.8% in the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after purchasing an additional 91,134 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Science Applications International in the 3rd quarter valued at $8,911,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $134.67 on Wednesday. The business has a 50 day simple moving average of $131.69 and a 200-day simple moving average of $126.53. The company has a market capitalization of $6.90 billion, a P/E ratio of 15.22 and a beta of 0.70. Science Applications International Co. has a twelve month low of $95.43 and a twelve month high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.10%. Science Applications International’s payout ratio is 16.72%.

Analyst Ratings Changes

SAIC has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Wells Fargo & Company boosted their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Finally, Truist Financial restated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $127.60.

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.