Amalgamated Bank Sells 1,794 Shares of Science Applications International Co. (NYSE:SAIC)

Amalgamated Bank decreased its holdings in Science Applications International Co. (NYSE:SAICGet Rating) by 4.3% in the first quarter, Holdings Channel reports. The fund owned 39,541 shares of the information technology services provider’s stock after selling 1,794 shares during the quarter. Amalgamated Bank’s holdings in Science Applications International were worth $3,644,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAIC. Citigroup Inc. lifted its holdings in shares of Science Applications International by 1.4% in the 4th quarter. Citigroup Inc. now owns 36,509 shares of the information technology services provider’s stock valued at $3,053,000 after acquiring an additional 518 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Science Applications International by 44.7% in the 4th quarter. Bank of Montreal Can now owns 9,570 shares of the information technology services provider’s stock valued at $811,000 after acquiring an additional 2,958 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Science Applications International by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 466,222 shares of the information technology services provider’s stock valued at $38,972,000 after acquiring an additional 12,315 shares during the last quarter. Geode Capital Management LLC raised its position in Science Applications International by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 751,963 shares of the information technology services provider’s stock worth $62,856,000 after purchasing an additional 13,443 shares during the period. Finally, Invesco Ltd. raised its position in Science Applications International by 17.8% in the 4th quarter. Invesco Ltd. now owns 227,827 shares of the information technology services provider’s stock worth $19,044,000 after purchasing an additional 34,479 shares during the period. Institutional investors own 75.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SAIC shares. Cowen increased their price objective on shares of Science Applications International from $111.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 7th. Cowen increased their price objective on shares of Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Finally, Barclays increased their price objective on shares of Science Applications International from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $102.86.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $91.33 on Friday. The firm has a market cap of $5.03 billion, a PE ratio of 19.98 and a beta of 0.70. The firm’s 50 day simple moving average is $93.63 and its 200-day simple moving average is $90.26. Science Applications International Co. has a one year low of $78.10 and a one year high of $97.82. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 1.07.

Science Applications International (NYSE:SAICGet Rating) last issued its earnings results on Thursday, September 1st. The information technology services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $1.97 earnings per share. As a group, equities analysts predict that Science Applications International Co. will post 7.11 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, October 13th. Science Applications International’s payout ratio is 32.39%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 2,600 shares of Science Applications International stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $93.30, for a total transaction of $242,580.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $728,952.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.12% of the stock is currently owned by corporate insiders.

Science Applications International Profile

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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.

See Also

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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