1 week Ago By ABMN Staff
Pictet Asset Management Holding SA lifted its position in Science Applications International Co. ( NYSE:SAIC – Free Report ) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 7,029 shares of the information technology services provider’s stock after buying an additional 142 shares during the period. Pictet Asset Management Holding SA’s holdings in Science Applications International were worth $786,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the fourth quarter worth about $28,000. Quarry LP acquired a new position in shares of Science Applications International in the 3rd quarter valued at approximately $71,000. Jones Financial Companies Lllp raised its holdings in Science Applications International by 32.
3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Science Applications International by 33.
1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after buying an additional 167 shares during the period. Finally, Tidal Investments LLC bought a new position in Science Applications International in the third quarter valued at approximately $200,000.
76.00% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In A number of equities research analysts recently commented on SAIC shares.
Wells Fargo & Company raised their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th.
Truist Financial cut their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th.
TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th.
The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th.
Finally, UBS Group raised their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $134.
00. Insider Activity at Science Applications International In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $111.
67 per share, with a total value of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.
61. The trade was a 4.63 % increase in their ownership of the stock.
The acquisition was disclosed in a document filed with the SEC, which is accessible through this link . Also, Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th.
The shares were purchased at an average price of $110.58 per share, with a total value of $55,290.00.
Following the acquisition, 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 . In the last quarter, insiders have acquired 2,815 shares of company stock worth $314,652.
Company insiders own 0.67% of the company’s stock. Science Applications International Price Performance NYSE:SAIC opened at $109.
08 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.
87 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $106.
18 and a 200 day simple moving average of $120.61. Science Applications International Co.
has a 1-year low of $94.68 and a 1-year high of $156.34.
The stock has a market capitalization of $5.21 billion, a PE ratio of 18.39 and a beta of 0.
58. Science Applications International ( NYSE:SAIC – Get Free Report ) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.
57 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 5.
8% on a year-over-year basis. On average, research analysts expect that Science Applications International Co. will post 8.
27 EPS for the current fiscal year. Science Applications International Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.
37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.
36%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is presently 20.
58%. About Science Applications International ( Free Report ) 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.
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