Science Applications International Co. (NYSE:SAIC) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,446 shares of the information technology services provider’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Science Applications International were worth $553,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAIC. Treasurer of the State of North Carolina boosted its holdings in shares of Science Applications International by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock valued at $2,573,000 after acquiring an additional 123 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Science Applications International by 17.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 161 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Science Applications International by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider’s stock worth $1,101,000 after buying an additional 163 shares during the period. Panagora Asset Management Inc. grew its holdings in Science Applications International by 4.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider’s stock worth $419,000 after buying an additional 171 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Science Applications International in the 4th quarter valued at approximately $25,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Down 0.1 %

NYSE SAIC opened at $137.29 on Thursday. The company has a market capitalization of $7.04 billion, a P/E ratio of 15.51 and a beta of 0.70. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The company’s 50 day simple moving average is $130.40 and its 200 day simple moving average is $128.51.

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 analysts’ consensus estimates of $1.44 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. Science Applications International’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.04 EPS. Equities research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.08%. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Analyst Upgrades and Downgrades

A number of research analysts have 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, April 17th. JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. The Goldman Sachs Group cut their target price 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. Finally, Truist Financial reaffirmed a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $127.60.

Insider Transactions at Science Applications International

In related news, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Toni Townes-Whitley bought 3,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were acquired 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 owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vincent P. Difronzo bought 795 shares of the business’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. Company insiders own 0.67% 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.