Dimensional Fund Advisors LP Sells 13,512 Shares of Science Applications International Co. (NYSE:SAIC)

Dimensional Fund Advisors LP reduced its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,111,580 shares of the information technology services provider's stock after selling 13,512 shares during the period. Dimensional Fund Advisors LP owned approximately 2.27% of Science Applications International worth $124,250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth $28,000. Jones Financial Companies Lllp raised its stake in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after purchasing an additional 167 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Science Applications International during the fourth quarter worth about $77,000. Finally, Tidal Investments LLC bought a new position in shares of Science Applications International during the third quarter worth about $200,000. Institutional investors own 76.00% of the company's stock.

Insider Transactions at Science Applications International

In other news, Director John K. Tien, Jr. purchased 215 shares of Science Applications International stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the purchase, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Toni Townes-Whitley acquired 2,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 3,260 shares of company stock worth $365,037 over the last quarter. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SAIC shares. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial cut their price target on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $131.33.

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $0.68 during midday trading on Friday, hitting $118.73. 79,533 shares of the company's stock were exchanged, compared to its average volume of 759,507. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.67 billion, a PE ratio of 20.02 and a beta of 0.58. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company's 50 day moving average price is $111.22 and its 200 day moving average price is $117.70.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. As a group, analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

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.