Science Applications International Co. (NYSE:SAIC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in Science Applications International Co. (NYSE:SAIC) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,101 shares of the information technology services provider’s stock after selling 3,694 shares during the period. Amalgamated Bank owned about 0.06% of Science Applications International worth $3,773,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC bought a new position in shares of Science Applications International during the second quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after buying an additional 84 shares during the period. CWM LLC lifted its stake in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 284 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Up 0.5 %

Shares of Science Applications International stock opened at $135.48 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 1 year low of $104.26 and a 1 year high of $145.17. The company’s fifty day simple moving average is $126.96 and its 200-day simple moving average is $126.83. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 15.86 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 earnings per share. As a group, sell-side analysts expect that Science Applications International Co. will post 8.18 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.09%. Science Applications International’s dividend payout ratio is currently 17.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Citigroup upped their price objective on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 6th. TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.75.

Insider Buying and Selling at Science Applications International

In other news, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James Joshua Jackson acquired 400 shares of the stock in a transaction on Wednesday, July 10th. The stock was bought at an average price of $114.28 per share, with a total value of $45,712.00. Following the transaction, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,500 shares of company stock valued at $175,412. 0.67% of the stock is currently owned by company insiders.

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.