Nisa Investment Advisors LLC Lowers Position in Science Applications International Co. (NYSE:SAIC)

Nisa Investment Advisors LLC cut its holdings in Science Applications International Co. (NYSE:SAIC) by 79.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,843 shares of the information technology services provider’s stock after selling 10,675 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Science Applications International were worth $353,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Science Applications International in the fourth quarter worth about $25,000. CVA Family Office LLC purchased a new stake in Science Applications International in the fourth quarter worth about $26,000. Quarry LP lifted its stake in Science Applications International by 100.0% in the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 109 shares during the period. Gradient Investments LLC raised its holdings in Science Applications International by 1,104.8% in the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Science Applications International in the third quarter worth about $37,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAIC shares. Truist Financial reiterated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a report on Thursday, February 29th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday. One equities 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $127.60.

Insiders Place Their Bets

In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by insiders.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $123.18 on Friday. The firm has a market capitalization of $6.36 billion, a P/E ratio of 13.92 and a beta of 0.70. 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 company has a 50 day moving average price of $133.22 and a 200 day moving average price of $124.60. Science Applications International Co. has a 52 week low of $95.43 and a 52 week 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 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 analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 earnings per share. Sell-side analysts expect that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 16.72%.

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.