Treasurer of the State of North Carolina Sells 620 Shares of Science Applications International Co. (NYSE:SAIC)

Treasurer of the State of North Carolina decreased its position in Science Applications International Co. (NYSE:SAIC) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,704 shares of the information technology services provider’s stock after selling 620 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Science Applications International were worth $2,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Science Applications International during the fourth quarter worth $63,572,000. Victory Capital Management Inc. increased its position in Science Applications International by 851.8% during 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 during the period. Prudential Financial Inc. raised its position in shares of Science Applications International by 285.5% in the fourth quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock valued at $17,012,000 after buying an additional 102,933 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Science Applications International in the 4th quarter valued at $10,038,000. Finally, Van ECK Associates Corp raised its stake in 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 valued at $36,529,000 after purchasing an additional 76,204 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SAIC. UBS Group boosted their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Truist Financial decreased their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $131.33.

Insiders Place Their Bets

In related news, Director Carolyn B. Handlon bought 230 shares of the business’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the purchase, the director now directly owns 4,032 shares in the company, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John K. Tien, Jr. acquired 215 shares of Science Applications International stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now owns 919 shares of the company’s stock, valued at $107,063.50. This represents a 30.54 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,260 shares of company stock valued at $365,037. Company insiders own 0.67% of the company’s stock.

Science Applications International Trading Up 0.3 %

NYSE:SAIC opened at $116.71 on Friday. The company has a market cap of $5.57 billion, a PE ratio of 19.68 and a beta of 0.58. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The firm has a 50-day moving average of $107.61 and a 200-day moving average of $119.36. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Science Applications International Co. will post 8.27 EPS 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 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Science Applications International 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.