Janney Montgomery Scott LLC Sells 8,413 Shares of Science Applications International Co. (NYSE:SAIC)

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

A number of other large investors have also added to or reduced their stakes in SAIC. Parallel Advisors LLC raised its stake in shares of 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 buying an additional 148 shares during the period. True Wealth Design LLC bought a new position in shares of Science Applications International in the fourth quarter valued at approximately $48,000. Fifth Third Bancorp grew its position in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Science Applications International during the fourth quarter worth about $58,000. Finally, UMB Bank n.a. grew 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 purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Insider Activity at Science Applications International

In other Science Applications International news, Director Carolyn B. Handlon purchased 230 shares of the firm's stock in a transaction on 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 completion of the acquisition, the director now directly owns 4,032 shares in the company, valued at $443,237.76. The trade was a 6.05% 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 John K. Tien, Jr. bought 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 in the company, valued at $107,063.50. This trade represents a 30.54% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 660 shares of company stock worth $75,433. 0.44% of the stock is owned by company insiders.

Science Applications International Stock Up 0.1%

Shares of Science Applications International stock opened at $109.24 on Monday. The company has a 50-day simple moving average of $113.77 and a two-hundred day simple moving average of $111.10. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $5.12 billion, a PE ratio of 18.42 and a beta of 0.50.

Science Applications International (NYSE:SAIC - Get Free Report) last released 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%. During the same period in the previous year, the firm earned $1.92 EPS. Science Applications International's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, 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 will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.35%. Science Applications International's dividend payout ratio is currently 20.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial reduced their target price 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. Wells Fargo & Company raised their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group reduced their price target 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. 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 report on Thursday, May 15th. Finally, Stifel Nicolaus initiated coverage on Science Applications International in a research report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $124.73.

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.

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