Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Science Applications International Co. (NYSE:SAIC – Free Report) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,634 shares of the information technology services provider’s stock after purchasing an additional 516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Science Applications International were worth $928,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SAIC. Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter valued at $60,582,000. Wellington Management Group LLP raised its position in shares of Science Applications International by 9.4% during the 1st quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock valued at $525,321,000 after purchasing an additional 491,167 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Science Applications International by 3,897.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 100,932 shares of the information technology services provider’s stock valued at $9,303,000 after purchasing an additional 98,407 shares during the period. Barclays PLC raised its position in shares of Science Applications International by 106.8% during the 4th quarter. Barclays PLC now owns 186,443 shares of the information technology services provider’s stock valued at $20,683,000 after purchasing an additional 96,279 shares during the period. Finally, BlackRock Inc. raised its position in shares of Science Applications International by 2.0% during 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 purchasing an additional 94,874 shares during the period. 77.09% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Science Applications International
In other Science Applications International news, insider Robert S. Genter sold 3,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $107.70, for a total value of $323,100.00. Following the completion of the sale, the insider now directly owns 58,655 shares of the company’s stock, valued at approximately $6,317,143.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.29% of the stock is owned by corporate insiders.
Science Applications International Price Performance
Science Applications International (NYSE:SAIC – Get Free Report) last released its quarterly earnings results on Monday, June 5th. The information technology services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.31. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Science Applications International had a net margin of 4.20% and a return on equity of 25.68%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 EPS. Equities research analysts anticipate that Science Applications International Co. will post 7.13 earnings per share for the current year.
Science Applications International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a $0.37 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International’s dividend payout ratio (DPR) is 25.17%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on SAIC shares. StockNews.com assumed coverage on shares of Science Applications International in a research report on Thursday. They set a “strong-buy” rating on the stock. Truist Financial reduced their price target on shares of Science Applications International from $120.00 to $115.00 in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $113.29.
Check Out Our Latest Analysis on SAIC
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 engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
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