Science Applications International Co. (NYSE:SAIC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its position in Science Applications International Co. (NYSE:SAIC) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,112 shares of the information technology services provider’s stock after selling 3,208 shares during the period. Orion Portfolio Solutions LLC’s holdings in Science Applications International were worth $2,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SAIC. Xponance Inc. raised its position in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock worth $768,000 after acquiring an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Science Applications International by 4.8% during 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 worth $244,000 after buying an additional 100 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Science Applications International by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock worth $786,000 after buying an additional 142 shares during the period. Jones Financial Companies Lllp increased its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Science Applications International by 7.0% during 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 during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $134.00.

Science Applications International Stock Performance

NYSE:SAIC opened at $113.31 on Wednesday. The company has a market cap of $5.41 billion, a P/E ratio of 19.11 and a beta of 0.66. The firm’s 50 day moving average is $106.16 and its two-hundred day moving average is $121.24. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Science Applications International

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The shares were bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,600 shares of company stock worth $289,604. Company insiders own 0.67% of the company’s stock.

Science Applications International 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.