Corient Private Wealth LLC Sells 2,818 Shares of Science Applications International Co. (NYSE:SAIC)

Corient Private Wealth LLC reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 39.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,356 shares of the information technology services provider’s stock after selling 2,818 shares during the period. Corient Private Wealth LLC’s holdings in Science Applications International were worth $487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Science Applications International by 116.1% during the third quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider’s stock worth $2,210,000 after purchasing an additional 8,617 shares during the period. BNP Paribas Financial Markets increased its stake in Science Applications International by 79.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider’s stock valued at $1,535,000 after purchasing an additional 4,866 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Science Applications International in the third quarter valued at $254,000. Benjamin Edwards Inc. acquired a new position in shares of Science Applications International during the third quarter valued at about $617,000. Finally, Holocene Advisors LP bought a new stake in shares of Science Applications International during the third quarter worth about $2,005,000. Institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company lifted their target price on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, UBS Group increased their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $134.00.

Insider Buying and Selling at Science Applications International

In related news, Director Milford W. Mcguirt bought 500 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Up 1.1 %

SAIC opened at $112.53 on Friday. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company’s 50-day moving average price is $106.36 and its two-hundred day moving average price is $121.65. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 18.98 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

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.