Swiss National Bank Has $10.89 Million Stake in Science Applications International Co. (NYSE:SAIC)

Swiss National Bank decreased its stake in Science Applications International Co. (NYSE:SAIC) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,415 shares of the information technology services provider’s stock after selling 2,600 shares during the quarter. Swiss National Bank’s holdings in Science Applications International were worth $10,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SAIC. Victory Capital Management Inc. increased its holdings in shares of Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock worth $16,609,000 after acquiring an additional 132,976 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Science Applications International in the fourth quarter worth about $10,038,000. Van ECK Associates Corp increased its holdings in shares of Science Applications International by 30.4% in the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after acquiring an additional 76,204 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Science Applications International in the fourth quarter worth about $4,494,000. Finally, ING Groep NV bought a new stake in shares of Science Applications International in the fourth quarter worth about $3,912,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIC. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial decreased their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $134.00.

Science Applications International Stock Down 6.0 %

SAIC stock opened at $105.98 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $107.21 and a two-hundred day moving average price of $122.67. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 17.87 and a beta of 0.66. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International’s payout ratio is 20.58%.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.