Science Applications International Co. (NYSE:SAIC) Holdings Cut by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in shares of Science Applications International Co. (NYSE:SAIC) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,396 shares of the information technology services provider’s stock after selling 507 shares during the period. Daiwa Securities Group Inc.’s holdings in Science Applications International were worth $6,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG raised its position in Science Applications International by 108.7% during the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock valued at $5,702,000 after acquiring an additional 28,139 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Science Applications International by 12,348.8% during 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 in the last quarter. FMR LLC lifted its stake in shares of Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after purchasing an additional 328,426 shares during the last quarter. Invesco Ltd. boosted its holdings in Science Applications International by 11.7% in the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after purchasing an additional 64,406 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Science Applications International during the third quarter worth $422,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

SAIC opened at $124.94 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average price is $133.09 and its two-hundred day moving average price is $124.72. The firm has a market capitalization of $6.45 billion, a P/E ratio of 15.61 and a beta of 0.70. Science Applications International Co. has a 12-month low of $95.43 and a 12-month high of $145.17.

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

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.18%. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SAIC. Wells Fargo & Company boosted their price target on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. reduced their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Truist Financial reiterated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a report on Friday, April 12th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, 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 on the stock in a research note on Thursday, February 29th. 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, the stock has a consensus rating of “Hold” and an average price target 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.