Axa S.A. Sells 6,263 Shares of Science Applications International Co. (NYSE:SAIC)

Posted by Defense World Staff on Mar 1st, 2023

Axa S.A. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC – Get Rating) by 43.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,137 shares of the information technology services provider’s stock after selling 6,263 shares during the quarter. Axa S.A.’s holdings in Science Applications International were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SAIC. Wellington Management Group LLP grew its holdings in shares of Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after purchasing an additional 491,167 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Science Applications International by 2.0% in the 1st quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock valued at $450,486,000 after buying an additional 94,874 shares in the last quarter. Boston Partners raised its position in shares of Science Applications International by 0.8% in the 3rd quarter. Boston Partners now owns 3,783,231 shares of the information technology services provider’s stock valued at $337,462,000 after purchasing an additional 31,596 shares during the last quarter. State Street Corp raised its position in shares of Science Applications International by 5.1% in the 1st quarter. State Street Corp now owns 1,574,107 shares of the information technology services provider’s stock valued at $145,085,000 after purchasing an additional 76,621 shares during the last quarter. Finally, FMR LLC raised its position in shares of Science Applications International by 5.5% in the 2nd quarter. FMR LLC now owns 1,382,493 shares of the information technology services provider’s stock valued at $128,710,000 after purchasing an additional 72,196 shares during the last quarter. Hedge funds and other institutional investors own 76.40% of the company’s stock.

Science Applications International Stock Down 0.1 %

Shares of Science Applications International stock opened at $106.64 on Wednesday. The stock’s fifty day moving average is $106.45 and its 200-day moving average is $102.42. The firm has a market capitalization of $5.83 billion, a PE ratio of 22.22 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.39. Science Applications International Co. has a 12-month low of $79.33 and a 12-month high of $117.94.

Science Applications International (NYSE:SAIC – Get Rating) last announced its earnings results on Monday, December 5th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Science Applications International had a return on equity of 23.84% and a net margin of 3.58%. Science Applications International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. Equities analysts anticipate that Science Applications International Co. will post 7.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Science Applications International from $83.00 to $94.00 and gave the company a “sell” rating in a report on Tuesday, December 6th. Stifel Nicolaus lifted their price target on Science Applications International from $99.00 to $110.00 in a report on Monday, December 5th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $99.00 to $121.00 in a report on Tuesday, December 6th. Truist Financial boosted their price target on shares of Science Applications International from $105.00 to $120.00 in a research note on Tuesday, December 6th. Finally, Citigroup started coverage on Science Applications International in a research report on Thursday, December 8th. They set a “buy” rating and a $141.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $114.50.

About Science Applications International

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Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services. Its offerings include engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher end, differentiated technology services, and end-to-end services spanning the entire spectrum of its customers IT infrastructure.