Science Applications International Co. (NYSE:SAIC) is AdvisorShares Investments LLC's 9th Largest Position

AdvisorShares Investments LLC increased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 35.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,121 shares of the information technology services provider's stock after buying an additional 16,772 shares during the period. Science Applications International comprises approximately 1.4% of AdvisorShares Investments LLC's investment portfolio, making the stock its 9th largest holding. AdvisorShares Investments LLC owned approximately 0.13% of Science Applications International worth $7,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after acquiring an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International during the 4th quarter worth $312,000. Pure Financial Advisors LLC grew its holdings in shares of Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock worth $2,062,000 after buying an additional 2,946 shares in the last quarter. Truist Financial Corp raised its position in shares of Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after buying an additional 233 shares during the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Science Applications International in the third quarter worth about $1,713,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SAIC. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. UBS Group upped their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $131.33.

Science Applications International Trading Down 1.2 %

Science Applications International stock traded down $1.43 during trading on Friday, hitting $117.98. The company had a trading volume of 515,336 shares, compared to its average volume of 494,520. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 19.90 and a beta of 0.58. 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 1-year low of $94.68 and a 1-year high of $156.34. The company's 50 day simple moving average is $111.57 and its 200-day simple moving average is $117.51.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. As a group, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.25%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon purchased 230 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now directly owns 4,032 shares of the company's stock, valued at $443,237.76. The trade was a 6.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock valued at $365,037 in the last 90 days. Company insiders own 0.67% of the company's stock.

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.