Swiss National Bank Has $10.89 Million Position in Science Applications International Co. (NYSE:SAIC)

Swiss National Bank reduced its stake in Science Applications International Co. (NYSE:SAIC) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,415 shares of the information technology services provider’s stock after selling 2,600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Science Applications International worth $10,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Science Applications International in the 4th quarter worth approximately $4,494,000. Farther Finance Advisors LLC lifted its holdings in Science Applications International by 4.3% in the 4th quarter. Farther Finance Advisors LLC now owns 5,167 shares of the information technology services provider’s stock worth $578,000 after purchasing an additional 212 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 167 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Science Applications International by 3.3% in the 4th quarter. HighTower Advisors LLC now owns 41,153 shares of the information technology services provider’s stock worth $4,600,000 after purchasing an additional 1,297 shares during the last quarter. Finally, AlphaQuest LLC increased its position in Science Applications International by 116.3% in the 4th quarter. AlphaQuest LLC now owns 3,979 shares of the information technology services provider’s stock worth $445,000 after buying an additional 2,139 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $105.98 on Friday. The business’s fifty day moving average price is $107.21 and its two-hundred day moving average price is $122.67. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 17.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial dropped their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.00.

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.