Boston Partners Sells 642,481 Shares of Science Applications International Co. (NYSE:SAIC)

Boston Partners lessened its holdings in Science Applications International Co. (NYSE:SAIC) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,302,867 shares of the information technology services provider’s stock after selling 642,481 shares during the quarter. Boston Partners owned 4.71% of Science Applications International worth $257,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SAIC. Atria Investments Inc boosted its position in shares of Science Applications International by 56.9% in the third quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider’s stock valued at $419,000 after acquiring an additional 1,091 shares during the period. GSA Capital Partners LLP bought a new stake in Science Applications International during the third quarter worth about $430,000. KBC Group NV lifted its position in Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock worth $205,000 after purchasing an additional 196 shares during the period. CIBC Asset Management Inc bought a new stake in Science Applications International during the third quarter worth about $220,000. Finally, Empowered Funds LLC lifted its position in Science Applications International by 11.6% during the third quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider’s stock worth $651,000 after purchasing an additional 487 shares during the period. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAIC shares. Wells Fargo & Company upped their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upped their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $134.00.

Science Applications International Stock Performance

Science Applications International stock opened at $113.44 on Wednesday. The business has a 50 day moving average of $107.39 and a 200-day moving average of $122.86. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $5.55 billion, a P/E ratio of 19.13 and a beta of 0.66.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the 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 completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Science Applications International Company Profile

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.