American Century Companies Inc. Sells 128,445 Shares of Science Applications International Co. (NYSE:SAIC)

American Century Companies Inc. lessened its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 26.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 351,771 shares of the information technology services provider’s stock after selling 128,445 shares during the period. American Century Companies Inc.’s holdings in Science Applications International were worth $39,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. grew its holdings in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock worth $768,000 after purchasing an additional 99 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Science Applications International by 4.8% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 100 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Science Applications International by 7.0% during the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 160 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 167 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. Truist Financial cut their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. UBS Group increased their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on shares of 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 upped their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group reduced their target price 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Stock Performance

SAIC stock opened at $111.36 on Friday. The company has a market cap of $5.32 billion, a P/E ratio of 18.78 and a beta of 0.66. 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 Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock’s fifty day moving average price is $106.43 and its 200-day moving average price is $121.90.

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

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 annualized dividend and a yield of 1.33%. Science Applications International’s payout ratio is presently 20.58%.

Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.