Sumitomo Mitsui Trust Holdings Inc. Makes New $1.33 Million Investment in Science Applications International Co. (NYSE:SAIC)

Sumitomo Mitsui Trust Holdings Inc. bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,707 shares of the information technology services provider's stock, valued at approximately $1,331,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIC. Lecap Asset Management Ltd. acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $859,000. Louisiana State Employees Retirement System acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $1,852,000. WCM Investment Management LLC lifted its stake in shares of Science Applications International by 1.3% in the 4th quarter. WCM Investment Management LLC now owns 94,188 shares of the information technology services provider's stock worth $11,751,000 after acquiring an additional 1,192 shares during the period. Cerity Partners LLC acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $672,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Science Applications International by 5.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 14,332 shares of the information technology services provider's stock worth $1,782,000 after acquiring an additional 778 shares during the period. Institutional investors own 76.00% of the company's stock.

Insider Activity

In other Science Applications International 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 transaction, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Science Applications International 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 transaction, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company's stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by company insiders.

Science Applications International Stock Performance

NYSE SAIC traded up $0.65 during midday trading on Thursday, hitting $129.12. The company had a trading volume of 265,865 shares, compared to its average volume of 296,630. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 14.59 and a beta of 0.70. The firm has a fifty day simple moving average of $132.73 and a two-hundred day simple moving average of $125.33. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its 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). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $2.04 earnings per share. Science Applications International's revenue was down 11.7% on a year-over-year basis. Equities analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced 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 1.15%. Science Applications International's dividend payout ratio (DPR) is currently 16.72%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial reissued a "hold" rating and set a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. 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 cut their target price on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating for the company in a research note on Thursday, February 29th. Wells Fargo & Company increased their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating for the company in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Science Applications International presently has a consensus rating of "Hold" and an average target price of $127.60.

Science Applications International Company 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.