Science Applications International Co. (NYSE:SAIC) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of Science Applications International Co. (NYSE:SAIC) by 84.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,052 shares of the information technology services provider’s stock after selling 22,631 shares during the period. Truist Financial Corp’s holdings in Science Applications International were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIC. Larson Financial Group LLC acquired a new stake in shares of Science Applications International in the 2nd quarter valued at $27,000. Fifth Third Bancorp increased its holdings in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the period. CWM LLC increased 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 acquiring an additional 147 shares during the period. FinTrust Capital Advisors LLC increased its stake in Science Applications International by 150.3% in 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. Finally, EntryPoint Capital LLC increased its stake in Science Applications International by 1,712.9% in the first quarter. EntryPoint Capital LLC now owns 562 shares of the information technology services provider’s stock valued at $73,000 after acquiring an additional 531 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $147.19 on Thursday. The company’s 50 day moving average price is $134.15 and its two-hundred day moving average price is $127.90. Science Applications International Co. has a 12-month low of $105.97 and a 12-month high of $148.08. The firm has a market cap of $7.29 billion, a PE ratio of 26.47 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s payout ratio is currently 26.62%.

Analysts Set New Price Targets

SAIC has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. Truist Financial lifted their target price 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. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, TD Cowen boosted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Moderate Buy” and an average price target of $150.43.

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.