Ameriprise Financial Inc. Trims Stock Position in Science Applications International Co. (NYSE:SAIC)

Ameriprise Financial Inc. lessened its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 61.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,795 shares of the information technology services provider's stock after selling 93,813 shares during the quarter. Ameriprise Financial Inc. owned about 0.12% of Science Applications International worth $6,460,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Merit Financial Group LLC purchased a new stake in Science Applications International in the 4th quarter valued at $244,000. First Citizens Bank & Trust Co. purchased a new stake in Science Applications International in the 4th quarter valued at $312,000. Blue Trust Inc. raised its position in Science Applications International by 35.8% in the 4th quarter. Blue Trust Inc. now owns 2,082 shares of the information technology services provider's stock valued at $233,000 after purchasing an additional 549 shares during the last quarter. KBC Group NV raised its position in Science Applications International by 48.0% in the 4th quarter. KBC Group NV now owns 2,182 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 708 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Wells Fargo & Company reduced their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial reduced their price target on shares of 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. Jefferies Financial Group boosted their price objective on shares of 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, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Science Applications International has an average rating of "Hold" and a consensus price target of $131.20.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Garth Graham acquired 215 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the purchase, the director now owns 7,159 shares in the company, valued at $835,813.25. The trade was a 3.10% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,260 shares of company stock valued at $365,037 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

Science Applications International Stock Performance

Shares of SAIC opened at $122.45 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a market capitalization of $5.85 billion, a P/E ratio of 20.65 and a beta of 0.55. The company's fifty day moving average is $116.38 and its two-hundred day moving average is $115.14.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business 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 company posted $1.43 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.21%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

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.

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