Parkside Financial Bank & Trust Sells 161 Shares of Science Applications International Co. (NYSE:SAIC)

Parkside Financial Bank & Trust reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 14.9% in the fourth quarter, Holdings Channel reports. The fund owned 921 shares of the information technology services provider’s stock after selling 161 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Science Applications International were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after buying an additional 328,426 shares during the period. Invesco Ltd. raised its holdings in Science Applications International by 11.7% during the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock valued at $65,030,000 after buying an additional 64,406 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Science Applications International by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,536 shares of the information technology services provider’s stock valued at $53,565,000 after buying an additional 10,793 shares during the period. California Public Employees Retirement System raised its holdings in Science Applications International by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 318,003 shares of the information technology services provider’s stock valued at $33,562,000 after buying an additional 13,127 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Science Applications International by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider’s stock valued at $27,003,000 after buying an additional 47,421 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC opened at $128.47 on Thursday. Science Applications International Co. has a 12-month low of $95.43 and a 12-month high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The business’s fifty day simple moving average is $132.83 and its 200-day simple moving average is $125.30. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.23 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $2.04 EPS. Science Applications International’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s payout ratio is currently 16.72%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company increased their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Truist Financial reiterated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $127.60.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by corporate 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.