JPMorgan Chase & Co. Sells 10,664 Shares of Science Applications International Co. (NYSE:SAIC)

JPMorgan Chase & Co. lowered its stake in Science Applications International Co. (NYSE:SAIC) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,642 shares of the information technology services provider’s stock after selling 10,664 shares during the quarter. JPMorgan Chase & Co.’s holdings in Science Applications International were worth $22,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAIC. Xponance Inc. increased its position in Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after acquiring an additional 99 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its position in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the last quarter. Brookstone Capital Management raised its position in shares of Science Applications International by 7.0% during the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock worth $272,000 after acquiring an additional 160 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 167 shares during the period. Institutional investors own 76.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on 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 owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares in the company, valued at $443,237.76. This trade represents a 6.05 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,045 shares of company stock worth $339,935. 0.67% of the stock is owned by corporate insiders.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $112.92 on Thursday. 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 Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market cap of $5.39 billion, a PE ratio of 19.04 and a beta of 0.58. The business has a 50 day moving average of $106.46 and a 200 day moving average of $120.11.

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

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAIC. The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $132.22.

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.