Allspring Global Investments Holdings LLC reduces stakes in Science Applications International Co. (NYSE:SAIC)

Allspring Global Investments Holdings LLC has sold its interest in Science Applications International Co. (NYSE:SAIC – Free Report) fell 47.1% in the fourth quarter, Holdings Channel.com reports. The company owned 8,825 shares of the information technology services provider, after selling 7,859 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Science Applications International were worth $1,097,000 at the time of the most recent SEC filing.

Several other major investors have also recently changed their stock holdings. FMR LLC increased its position in Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Science Applications International during the third quarter worth approximately $19,562,000. Qube Research & Technologies Ltd increased its position in shares of Science Applications International by 3,071.0% during the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after purchasing an additional 129,963 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Science Applications International by 12,348.8% during the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after purchasing an additional 91,134 shares in the last quarter. Finally, Eagle acquired Asset Management Inc. during the third quarter, a new stake in shares of Science Applications International, valued at approximately $8,911,000. Hedge funds and other institutional investors own 76.00% of the company’s shares.

Insider activity at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, for a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the transaction, the CEO now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The explanation for this purchase can be found here. Currently, 1.29% of the shares are owned by insiders.

International trade in scientific applications increases by 2.4%

SAIC shares opened at $128.08 on Wednesday. Science Applications International Co. has a one-year low of $95.43 and a one-year high of $145.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 14.47 and a beta of 0.70. The company has a 50-day simple moving average of $132.92 and a two-hundred-day simple moving average of $125.28.

Science Applications International (NYSE:SAIC – Get Free Report) last posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company had revenue of $1.74 billion during the quarter, compared to analyst expectations of $1.64 billion. During the same period last year, the company posted earnings per share of $2.04. The company’s revenue for the quarter fell 11.7% compared to the same quarter last year. Research analysts expect Science Applications International Co. will record a profit per share of 8.11 for the current financial year.

Science Applications International announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26. Investors of record on Friday, April 12 will receive a dividend of $0.37. This represents a dividend of $1.48 annually and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 11. Science Applications International’s dividend payout ratio (DPR) currently stands at 16.72%.

Analysts set new price targets

A number of brokers have recently released reports on SAIC. JPMorgan Chase & Co. lowered his price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17. Truist Financial reiterated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12. Goldman Sachs Group lowered their price objective on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the company in a research note on Thursday, February 29th. Finally, Wells Fargo & Company raised their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International has a consensus rating of ‘Hold’ and an average price target of $127.60.

Get our latest research report on Science Applications International

Science Applications International Company Profile

(Free report)

Science Applications International Corporation provides engineering, technical, and business information technology (IT) services primarily in the United States. The company’s offerings include IT modernization; digital technology; artificial intelligence; Weapon systems support the design, construction, modification, integration and maintenance of weapon systems; and end-to-end services, such as design, development, integration, implementation, management and operation, maintenance and security of its customers’ IT infrastructure, as well as training and simulation and support for ground vehicles that integrates, modifies, upgrades, and maintains ground vehicles for the country’s armed forces.

Insider activity at Science Applications International

International trade in scientific applications increases by 2.4%

Science Applications International announces dividend

Analysts set new price targets

Science Applications International Company Profile

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