Janney Montgomery Scott LLC Has $906,000 Stake in Science Applications International Co. (NYSE:SAIC)

Janney Montgomery Scott LLC decreased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,066 shares of the information technology services provider's stock after selling 8,413 shares during the period. Janney Montgomery Scott LLC's holdings in Science Applications International were worth $906,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares during the period. True Wealth Design LLC bought a new position in Science Applications International during the 4th quarter valued at about $48,000. Fifth Third Bancorp grew its stake in Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Science Applications International during the fourth quarter worth approximately $58,000. Finally, UMB Bank n.a. increased its holdings in shares of Science Applications International by 220.1% during the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider's stock worth $63,000 after buying an additional 383 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial lowered their target price on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Jefferies Financial Group upped their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Barclays decreased their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $124.73.

Science Applications International Stock Performance

Science Applications International stock traded up $0.94 during midday trading on Thursday, reaching $118.50. 288,824 shares of the company's stock were exchanged, compared to its average volume of 726,379. The stock's 50-day simple moving average is $113.59 and its 200 day simple moving average is $111.18. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 19.98 and a beta of 0.49. 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 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (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 for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.92 EPS. On average, analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.37 per share. 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 currently 20.76%.

Insiders Place Their Bets

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

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.