Science Applications International Co. (NYSE:SAIC) Shares Sold by Panagora Asset Management Inc.
Panagora Asset Management Inc. reduced its holdings in Science Applications International Co. (NYSE:SAIC – Free Report) by 93.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,798 shares of the information technology services provider’s stock after selling 56,954 shares during the quarter. Panagora Asset Management Inc.’s holdings in Science Applications International were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Science Applications International during the fourth quarter worth about $60,582,000. Wellington Management Group LLP increased its stake in Science Applications International by 9.4% during the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after acquiring an additional 491,167 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Science Applications International by 2,399.5% during the first quarter. Envestnet Asset Management Inc. now owns 418,074 shares of the information technology services provider’s stock worth $1,857,000 after acquiring an additional 401,348 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Science Applications International during the second quarter worth about $35,919,000. Finally, Boston Partners increased its stake in Science Applications International by 4.6% during the first quarter. Boston Partners now owns 3,866,900 shares of the information technology services provider’s stock worth $414,954,000 after acquiring an additional 171,810 shares during the last quarter. 75.31% of the stock is currently owned by institutional investors and hedge funds.
Science Applications International Trading Down 3.2 %
Shares of SAIC opened at $131.68 on Wednesday. The company has a market capitalization of $6.97 billion, a P/E ratio of 14.41 and a beta of 0.72. Science Applications International Co. has a one year low of $95.43 and a one year high of $136.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.08 and a current ratio of 1.14. The stock has a 50-day moving average price of $112.49 and a 200 day moving average price of $112.18.
Science Applications International (NYSE:SAIC – Get Free Report) last issued its quarterly earnings results on Monday, December 4th. The information technology services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.58. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion. Science Applications International had a return on equity of 25.76% and a net margin of 6.49%. Science Applications International’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 earnings per share. Sell-side analysts forecast that Science Applications International Co. will post 7.4 EPS for the current fiscal year.
Science Applications International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 11th. Science Applications International’s payout ratio is currently 16.19%.
Analysts Set New Price Targets
SAIC has been the subject of several research analyst reports. Truist Financial upped their price target on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. downgraded Science Applications International from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $142.00 in a research report on Tuesday. Wells Fargo & Company upped their target price on Science Applications International from $116.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $115.00 target price on shares of Science Applications International in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.71.
Get Our Latest Report on Science Applications International
Insider Buying and Selling at Science Applications International
In other Science Applications International news, insider Robert S. Genter sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $106.30, for a total transaction of $159,450.00. Following the sale, the insider now owns 55,605 shares in the company, valued at $5,910,811.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Science Applications International news, insider Robert S. Genter sold 3,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $109.79, for a total transaction of $390,523.03. Following the sale, the insider now owns 57,155 shares in the company, valued at $6,275,047.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert S. Genter sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $106.30, for a total value of $159,450.00. Following the sale, the insider now owns 55,605 shares in the company, valued at approximately $5,910,811.50. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock worth $778,169 over the last quarter. 1.29% of the stock is owned by corporate insiders.
About Science Applications International (Free Report)
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
See Also
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