Boston Partners Has $347.06 Million Stake in Science Applications International Co. (NYSE:SAIC)

Boston Partners trimmed its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,786,679 shares of the information technology services provider's stock after selling 430,816 shares during the quarter. Boston Partners owned 5.35% of Science Applications International worth $347,057,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock valued at $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Science Applications International by 3,071.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider's stock valued at $14,163,000 after acquiring an additional 129,963 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Science Applications International by 12,348.8% during the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider's stock worth $11,422,000 after acquiring an additional 91,134 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Science Applications International in the 3rd quarter worth approximately $8,911,000. Finally, Invesco Ltd. increased its stake in Science Applications International by 11.7% in the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock valued at $65,030,000 after purchasing an additional 64,406 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.5 %

Shares of SAIC traded down $0.66 on Friday, hitting $135.09. 194,505 shares of the stock traded hands, compared to its average volume of 260,945. The firm has a market capitalization of $6.93 billion, a P/E ratio of 15.26 and a beta of 0.70. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17. The stock's 50 day moving average is $131.36 and its two-hundred day moving average is $126.96.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. 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 business earned $2.04 EPS. Science Applications International's revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International's dividend payout ratio (DPR) is 16.72%.

Insiders Place Their Bets

In other news, CEO Toni Townes-Whitley bought 3,000 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares of the company's stock, valued at $5,894,298.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares of the company's stock, valued at approximately $5,894,298.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vincent P. Difronzo acquired 795 shares of the firm's stock in a transaction on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, 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. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on SAIC shares. Wells Fargo & Company boosted their target price on Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 19th. 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 report on Tuesday, March 19th. Truist Financial reiterated a "hold" rating and issued a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th. The Goldman Sachs Group cut 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. Finally, StockNews.com upgraded Science Applications International from a "hold" rating to a "buy" rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Science Applications International presently has an average rating of "Hold" and a consensus price target of $127.60.

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.