Fmr LLC Sells 166,759 Shares of Science Applications International Co. (NYSE:SAIC)

Fmr LLC decreased its holdings in Science Applications International Co. (NYSE:SAIC) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,230,617 shares of the information technology services provider’s stock after selling 166,759 shares during the period. Fmr LLC’s holdings in Science Applications International were worth $310,658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Science Applications International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after acquiring an additional 25,807 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after purchasing an additional 6,780 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company upgraded Science Applications International from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $157.00 to $147.00 in a research report on Tuesday, November 26th. Truist Financial increased their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Barclays increased their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Finally, Citigroup upped their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Science Applications International has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

Science Applications International Price Performance

Science Applications International stock opened at $124.25 on Friday. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $139.60 and a 200-day moving average price of $129.95. The firm has a market capitalization of $6.15 billion, a PE ratio of 22.35 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last announced its earnings results 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. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Science Applications International Co. will post 8.21 EPS for the current year.

Science Applications International Announces Dividend

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

Science Applications International Company 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.