Sequoia Financial Advisors LLC Buys Shares of 2,549 Science Applications International Co. (NYSE:SAIC)

Sequoia Financial Advisors LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,549 shares of the information technology services provider’s stock, valued at approximately $317,000.

A number of other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Science Applications International by 9.4% during the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock valued at $525,321,000 after acquiring an additional 491,167 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Science Applications International by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,210,623 shares of the information technology services provider’s stock valued at $460,775,000 after purchasing an additional 68,359 shares in the last quarter. BlackRock Inc. grew its position in shares of Science Applications International by 2.0% in the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock valued at $450,486,000 after purchasing an additional 94,874 shares in the last quarter. FMR LLC grew its position in shares of Science Applications International by 13.2% in the third 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 in the last quarter. Finally, State Street Corp grew its position in shares of Science Applications International by 1.6% in the first quarter. State Street Corp now owns 1,625,602 shares of the information technology services provider’s stock valued at $174,687,000 after purchasing an additional 25,192 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

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

Science Applications International Trading Down 1.2 %

Shares of Science Applications International stock opened at $123.18 on Friday. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.92 and a beta of 0.70. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day moving average of $133.22 and a 200 day moving average of $124.60.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The company’s revenue was down 11.7% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio is currently 16.72%.

Insider Transactions at Science Applications International

In other news, CEO Toni Townes-Whitley purchased 3,000 shares of the stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now directly owns 46,795 shares in the company, valued at approximately $5,894,298.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction 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 directly owns 8,653 shares in the company, valued at $1,087,162.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Company insiders own 1.29% of the company’s stock.

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.