Cerity Partners LLC Has $597,000 Stock Position in Science Applications International Co. (NYSE:SAIC)

Cerity Partners LLC decreased its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 36.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,321 shares of the information technology services provider's stock after selling 3,076 shares during the period. Cerity Partners LLC's holdings in Science Applications International were worth $597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Science Applications International by 112.1% during 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 last quarter. True Wealth Design LLC acquired a new position in shares of Science Applications International during the fourth quarter valued at about $48,000. Fifth Third Bancorp raised its position in shares of 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 valued at $53,000 after buying an additional 88 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International during the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. raised its position 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 valued at $63,000 after buying an additional 383 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SAIC shares. Stifel Nicolaus started coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. Wells Fargo & Company upped their price objective on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Truist Financial upped their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday. Finally, UBS Group lowered their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $125.64.

Science Applications International Trading Down 0.2%

SAIC stock traded down $0.18 during midday trading on Friday, reaching $114.81. The company's stock had a trading volume of 313,062 shares, compared to its average volume of 698,033. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The stock has a market cap of $5.38 billion, a PE ratio of 19.36 and a beta of 0.49. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business's 50-day simple moving average is $111.86 and its 200-day simple moving average is $111.50.

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 for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). 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 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 EPS. As a group, sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.29%. 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.