American Century Companies Inc. Sells 128,445 Shares of Science Applications International Co. (NYSE:SAIC)

American Century Companies Inc. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,771 shares of the information technology services provider’s stock after selling 128,445 shares during the period. American Century Companies Inc. owned about 0.72% of Science Applications International worth $39,321,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Cornerstone Planning Group LLC bought a new stake in Science Applications International during the fourth quarter worth $28,000. Quarry LP bought a new stake in shares of Science Applications International during the 3rd quarter worth $71,000. Jones Financial Companies Lllp boosted its holdings in shares of 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 worth $71,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Science Applications International by 33.1% during 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 period. Finally, Tidal Investments LLC purchased a new stake in Science Applications International during the third quarter worth about $200,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

NYSE SAIC opened at $111.36 on Friday. The company has a 50-day simple moving average of $106.43 and a two-hundred day simple moving average of $121.90. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 18.78 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. On average, equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. Science Applications International’s dividend payout ratio is currently 20.58%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAIC. Truist Financial reduced their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $134.00.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction 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 in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.