Allspring Global Investments Holdings LLC Has $14.36 Million Position in Science Applications International Co. (NYSE:SAIC)

Allspring Global Investments Holdings LLC boosted its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 387.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,746 shares of the information technology services provider's stock after buying an additional 100,760 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.27% of Science Applications International worth $14,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp lifted its stake in shares of Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after acquiring an additional 233 shares during the period. Bank of New York Mellon Corp lifted its position in Science Applications International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock valued at $58,497,000 after purchasing an additional 31,374 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Science Applications International in the 4th quarter valued at about $1,649,000. Jones Financial Companies Lllp boosted 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 last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Science Applications International by 851.8% during the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider's stock worth $16,609,000 after buying an additional 132,976 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Garth Graham purchased 215 shares of Science Applications International stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the transaction, the director owned 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn B. Handlon purchased 230 shares of the stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director directly owned 4,032 shares in the company, valued at approximately $443,237.76. The trade was a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.44% of the company's stock.

Analyst Ratings Changes

SAIC has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price objective on the stock. Truist Financial cut their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research note on Tuesday, June 3rd. Barclays decreased their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Jefferies Financial Group increased their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Finally, UBS Group reduced their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $124.73.

Science Applications International Stock Up 0.8%

SAIC traded up $0.94 during trading on Friday, reaching $118.50. The company had a trading volume of 288,824 shares, compared to its average volume of 548,280. The company has a market cap of $5.55 billion, a P/E ratio of 19.98 and a beta of 0.49. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business's fifty day moving average price is $113.46 and its 200 day moving average price is $111.23.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio is presently 20.76%.

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.