Science Applications International Co. (NYSE:SAIC) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,004 shares of the information technology services provider's stock after acquiring an additional 3,222 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Science Applications International worth $3,913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in shares of Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after buying an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after buying an additional 167 shares during the period. Tidal Investments LLC purchased a new position in shares of Science Applications International during the third quarter valued at approximately $200,000. Finally, Catalyst Funds Management Pty Ltd boosted its position in shares of Science Applications International by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the information technology services provider's stock valued at $201,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Up 0.4 %

NYSE SAIC traded up $0.47 during trading on Tuesday, hitting $121.35. The company's stock had a trading volume of 302,322 shares, compared to its average volume of 491,583. 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 Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a market cap of $5.79 billion, a PE ratio of 20.46 and a beta of 0.58. The business's 50 day simple moving average is $110.35 and its 200-day simple moving average is $117.87.

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

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SAIC shares. Truist Financial dropped their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. UBS Group boosted their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. Finally, TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and lowered their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $131.33.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon purchased 230 shares of Science Applications International stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. The trade was a 6.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,260 shares of company stock worth $365,037. 0.67% of the stock is owned by corporate insiders.

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.