Van ECK Associates Corp Raises Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Van ECK Associates Corp boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 66.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,624 shares of the information technology services provider’s stock after purchasing an additional 11,072 shares during the period. Van ECK Associates Corp owned about 0.05% of Science Applications International worth $3,434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SAIC. FMR LLC boosted its holdings in shares of Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after buying an additional 328,426 shares during the last quarter. Invesco Ltd. increased its stake in shares of Science Applications International by 11.7% during the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after purchasing an additional 64,406 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Science Applications International by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,536 shares of the information technology services provider’s stock worth $53,565,000 after purchasing an additional 10,793 shares during the period. California Public Employees Retirement System lifted its stake in Science Applications International by 4.3% in the third quarter. California Public Employees Retirement System now owns 318,003 shares of the information technology services provider’s stock valued at $33,562,000 after purchasing an additional 13,127 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Science Applications International by 22.8% during the third quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider’s stock valued at $27,003,000 after purchasing an additional 47,421 shares during the period. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SAIC. Wells Fargo & Company boosted their target price on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group cut their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Truist Financial reissued a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average price target of $127.60.

Insider Buying and Selling at Science Applications International

In other news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Science Applications International Stock Performance

NYSE SAIC opened at $133.82 on Tuesday. The company’s 50 day simple moving average is $131.81 and its two-hundred day simple moving average is $126.35. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17. The stock has a market capitalization of $6.86 billion, a PE ratio of 16.67 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued 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 business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. Analysts predict that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio is currently 16.72%.

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.