Nuveen Asset Management LLC Sells 4,413 Shares of Science Applications International Co. (NYSE:SAIC)

Nuveen Asset Management LLC trimmed its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,074 shares of the information technology services provider's stock after selling 4,413 shares during the period. Nuveen Asset Management LLC owned 0.26% of Science Applications International worth $13,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in Science Applications International by 145.8% during the fourth quarter. Millennium Management LLC now owns 85,224 shares of the information technology services provider's stock worth $9,526,000 after purchasing an additional 50,548 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Science Applications International during the 4th quarter worth about $5,369,000. Jefferies Financial Group Inc. acquired a new position in Science Applications International in the 4th quarter valued at about $1,706,000. Gotham Asset Management LLC raised its holdings in Science Applications International by 3.8% in the 4th quarter. Gotham Asset Management LLC now owns 86,331 shares of the information technology services provider's stock valued at $9,650,000 after acquiring an additional 3,181 shares during the period. Finally, Focus Partners Wealth acquired a new stake in Science Applications International during the fourth quarter worth approximately $314,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Activity at Science Applications International

In related news, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John K. Tien, Jr. purchased 215 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now directly owns 919 shares of the company's stock, valued at approximately $107,063.50. The trade was a 30.54% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock valued at $365,037 over the last ninety days. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Truist Financial lowered their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company decreased their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $131.20.

Science Applications International Price Performance

SAIC stock traded down $0.90 during mid-day trading on Friday, hitting $114.41. The stock had a trading volume of 155,455 shares, compared to its average volume of 713,826. The firm has a fifty day simple moving average of $117.13 and a 200 day simple moving average of $113.98. The firm has a market capitalization of $5.46 billion, a P/E ratio of 19.29 and a beta of 0.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. 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 data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $1.43 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast 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. Investors of record on Friday, July 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.29%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

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.