Daiwa Securities Group Inc. Trims Position in Science Applications International Co. (NYSE:SAIC)

Daiwa Securities Group Inc. lowered its holdings in Science Applications International Co. (NYSE:SAIC) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,396 shares of the information technology services provider’s stock after selling 507 shares during the period. Daiwa Securities Group Inc. owned 0.09% of Science Applications International worth $6,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in shares of Science Applications International by 2.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,118 shares of the information technology services provider’s stock valued at $463,000 after acquiring an additional 94 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Science Applications International by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider’s stock worth $1,303,000 after purchasing an additional 94 shares during the last quarter. Quarry LP increased its position in Science Applications International by 100.0% during the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 109 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Science Applications International by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock worth $2,573,000 after purchasing an additional 123 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Science Applications International by 1.4% in the 3rd quarter. LPL Financial LLC now owns 9,302 shares of the information technology services provider’s stock valued at $982,000 after purchasing an additional 127 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $124.94 on Friday. The business’s 50-day simple moving average is $133.09 and its 200 day simple moving average is $124.72. The company has a market cap of $6.45 billion, a P/E ratio of 15.61 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 EPS. On average, sell-side analysts forecast that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SAIC shares. The Goldman Sachs Group cut their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Wells Fargo & Company raised their price objective on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. Truist Financial reiterated a “hold” rating and set a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $127.60.

Insider Buying and Selling

In other Science Applications International news, CEO Toni Townes-Whitley acquired 3,000 shares of the stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares in the company, valued at $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The disclosure for this sale can be found here. Insiders own 1.29% of the company’s stock.

Science Applications International Company 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.