Mutual of America Capital Management LLC Sells 1,668 Shares of Science Applications International Co. (NYSE:SAIC)

Mutual of America Capital Management LLC trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 5.7% in the third quarter, HoldingsChannel.com reports. The fund owned 27,689 shares of the information technology services provider’s stock after selling 1,668 shares during the period. Mutual of America Capital Management LLC’s holdings in Science Applications International were worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp increased its position in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Cetera Investment Advisers increased its holdings in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after buying an additional 87 shares during the last quarter. Bank of Montreal Can boosted its stake in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after acquiring an additional 90 shares during the last quarter. CWM LLC grew its position in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Science Applications International by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock worth $1,700,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SAIC shares. Wells Fargo & Company increased their price objective on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Truist Financial lifted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $150.43.

Science Applications International Stock Performance

NYSE SAIC opened at $124.78 on Friday. The company’s 50 day simple moving average is $141.03 and its two-hundred day simple moving average is $130.44. The stock has a market capitalization of $6.18 billion, a PE ratio of 22.44 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is currently 26.62%.

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.