Orion Portfolio Solutions LLC Trims Stock Position in Science Applications International Co. (NYSE:SAIC)

Orion Portfolio Solutions LLC lowered its position in shares of Science Applications International Co. (NYSE:SAIC) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,112 shares of the information technology services provider’s stock after selling 3,208 shares during the period. Orion Portfolio Solutions LLC’s holdings in Science Applications International were worth $2,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the fourth quarter valued at $28,000. Quarry LP acquired a new stake in shares of Science Applications International during the 3rd quarter worth about $71,000. Jones Financial Companies Lllp raised its holdings in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares during the period. EverSource Wealth Advisors LLC lifted its position in Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 167 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Science Applications International during the third quarter valued at about $200,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $113.31 on Wednesday. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 19.11 and a beta of 0.66. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $106.16 and a 200 day moving average price of $121.24.

Science Applications International (NYSE:SAIC) last posted its earnings results 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.43 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is currently 20.58%.

Insider Activity at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 2,600 shares of company stock valued at $289,604 in the last three months. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SAIC shares. The Goldman Sachs Group lowered their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Finally, UBS Group raised their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and an average price target of $134.00.

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 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.