Wells Fargo & Company MN Purchases 2,891 Shares of Science Applications International Co. (NYSE:SAIC)

Wells Fargo & Company MN boosted its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,140 shares of the information technology services provider’s stock after buying an additional 2,891 shares during the quarter. Wells Fargo & Company MN’s holdings in Science Applications International were worth $6,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIC. Tidal Investments LLC bought a new position in shares of Science Applications International in the third quarter worth about $200,000. Oddo BHF Asset Management Sas purchased a new position in shares of Science Applications International in the 3rd quarter worth approximately $1,713,000. Brookstone Capital Management grew its holdings in Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 160 shares during the last quarter. Merit Financial Group LLC purchased a new position in Science Applications International during the 4th quarter valued at $244,000. Finally, HB Wealth Management LLC grew its holdings in shares of Science Applications International by 4.0% in the fourth quarter. HB Wealth Management LLC now owns 17,509 shares of the information technology services provider’s stock worth $1,957,000 after purchasing an additional 679 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Science Applications International news, Director Milford W. Mcguirt acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Garth Graham purchased 215 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now owns 7,159 shares in the company, valued at approximately $835,813.25. The trade was a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 3,260 shares of company stock worth $365,037. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

SAIC has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $131.33.

Science Applications International Trading Up 0.3 %

SAIC stock opened at $116.71 on Friday. The business’s 50-day moving average is $107.84 and its 200 day moving average is $119.19. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 19.68 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 (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

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.