Federated Hermes Inc. Sells 8,951 Shares of Science Applications International Co. (NYSE:SAIC)

Federated Hermes Inc. cut its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,486 shares of the information technology services provider's stock after selling 8,951 shares during the quarter. Federated Hermes Inc.'s holdings in Science Applications International were worth $2,547,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Treasurer of the State of North Carolina increased its position in Science Applications International by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider's stock worth $2,573,000 after buying an additional 123 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Science Applications International by 17.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider's stock worth $114,000 after buying an additional 161 shares in the last quarter. Panagora Asset Management Inc. increased its position in Science Applications International by 4.5% during the third quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider's stock worth $419,000 after buying an additional 171 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Science Applications International during the fourth quarter worth $25,000. Finally, CVA Family Office LLC purchased a new position in Science Applications International during the fourth quarter worth $26,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Science Applications International

In other news, CEO Toni Townes-Whitley purchased 3,000 shares of the firm's stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by corporate insiders.

Science Applications International Stock Up 0.3 %

Shares of SAIC traded up $0.35 during midday trading on Friday, reaching $129.47. 230,734 shares of the company were exchanged, compared to its average volume of 237,269. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 14.63 and a beta of 0.70. The stock has a 50-day moving average price of $132.61 and a 200-day moving average price of $125.63. Science Applications International Co. has a 1-year low of $95.43 and a 1-year 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.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS 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 during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The firm's revenue was down 11.7% compared to the same quarter last year. Research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, April 11th. Science Applications International's payout ratio is currently 16.72%.

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.