Securian Asset Management Inc. Has $418,000 Stake in Science Applications International Co. (NYSE:SAIC)

Securian Asset Management Inc. lowered its holdings in Science Applications International Co. (NYSE:SAIC) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,743 shares of the information technology services provider’s stock after selling 240 shares during the period. Securian Asset Management Inc.’s holdings in Science Applications International were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp increased its stake in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares during the period. Brookstone Capital Management raised its holdings in Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Science Applications International by 33.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 167 shares during the period. Finally, KBC Group NV grew its holdings in shares of Science Applications International by 15.3% during the 3rd quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock worth $205,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIC. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $136.11.

Science Applications International Trading Up 7.2 %

Shares of SAIC stock opened at $111.90 on Tuesday. 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 capitalization of $5.47 billion, a P/E ratio of 18.87 and a beta of 0.66. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The stock’s fifty day simple moving average is $107.40 and its 200 day simple moving average is $122.98.

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

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Science Applications International’s payout ratio is 24.96%.

Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

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.