Lincoln National Corp Purchases 553 Shares of Science Applications International Co. (NYSE:SAIC)

Lincoln National Corp raised its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,025 shares of the information technology services provider’s stock after buying an additional 553 shares during the period. Lincoln National Corp’s holdings in Science Applications International were worth $873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in Science Applications International in the fourth quarter worth $25,000. CVA Family Office LLC purchased a new position in Science Applications International in the 4th quarter worth about $26,000. Gradient Investments LLC lifted its holdings in Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 232 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Science Applications International by 92.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 208 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in shares of Science Applications International during the fourth quarter worth approximately $66,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Science Applications International

In related news, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the acquisition, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were 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 disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Science Applications International Stock Up 1.5 %

Shares of Science Applications International stock opened at $135.75 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.96 billion, a P/E ratio of 15.34 and a beta of 0.70. The firm’s 50 day moving average price is $131.48 and its 200-day moving average price is $126.64. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last issued 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). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 earnings per share. On average, sell-side analysts predict that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.09%. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAIC. The Goldman Sachs Group lowered their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a report on Thursday, February 29th. Truist Financial reiterated a “hold” rating and set a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company boosted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus price target of $127.60.

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.