Foundry Partners LLC Has $5.24 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Foundry Partners LLC lessened its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,139 shares of the information technology services provider's stock after selling 31,406 shares during the quarter. Foundry Partners LLC owned about 0.08% of Science Applications International worth $5,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock worth $297,969,000 after purchasing an additional 328,426 shares during the period. Invesco Ltd. grew its stake in shares of Science Applications International by 11.7% during the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock worth $65,030,000 after purchasing an additional 64,406 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Science Applications International by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,536 shares of the information technology services provider's stock worth $53,565,000 after purchasing an additional 10,793 shares during the period. California Public Employees Retirement System grew its stake in shares of Science Applications International by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 318,003 shares of the information technology services provider's stock worth $33,562,000 after purchasing an additional 13,127 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Science Applications International by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider's stock worth $27,003,000 after purchasing an additional 47,421 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Price Performance

SAIC traded up $0.19 on Monday, hitting $125.13. 198,929 shares of the company's stock were exchanged, compared to its average volume of 298,251. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $133.09 and a 200-day moving average price of $124.99. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 14.14 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company's revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. As a group, equities analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.18%. Science Applications International's payout ratio is 16.72%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAIC. StockNews.com raised shares of Science Applications International from a "hold" rating to a "buy" rating in a research note on Wednesday, April 17th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 19th. Truist Financial reissued a "hold" rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $127.60.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 760 shares of the business's stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the business's stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares of the company's stock, valued at $1,105,622.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 760 shares of the business's stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by insiders.

About Science Applications International

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.