89,805 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 4th quarter, Holdings Channel reports. The fund acquired 89,805 shares of the information technology services provider’s stock, valued at approximately $10,038,000.

Several other large investors have also made changes to their positions in the business. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 100 shares in the last quarter. 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 acquiring an additional 156 shares in the last quarter. Brookstone Capital Management raised its holdings in Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 160 shares in the last quarter. Truist Financial Corp grew its stake in shares of Science Applications International by 6.4% in the 4th quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock valued at $430,000 after purchasing an additional 233 shares during the period. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC opened at $105.90 on Friday. The business’s 50-day moving average price is $107.01 and its two-hundred day moving average price is $122.50. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 17.86 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results 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. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Equities analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is currently 20.58%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s 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 directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAIC. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.00.

About Science Applications International

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.