Wellington Management Group LLP Sells 1,031,285 Shares of Science Applications International Co. (NYSE:SAIC)

Wellington Management Group LLP decreased its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 37.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715,795 shares of the information technology services provider’s stock after selling 1,031,285 shares during the period. Wellington Management Group LLP’s holdings in Science Applications International were worth $191,792,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Xponance Inc. increased its stake in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 100 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock worth $786,000 after buying an additional 142 shares during the period. Jones Financial Companies Lllp boosted its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in Science Applications International by 7.0% in the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SAIC. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. UBS Group boosted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.00.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt bought 500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. This represents a 7.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John K. Tien, Jr. purchased 215 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the transaction, the director now directly owns 919 shares in the company, valued at approximately $107,063.50. The trade was a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,815 shares of company stock valued at $314,652. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $115.70 on Thursday. The stock has a market cap of $5.52 billion, a P/E ratio of 19.51 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. The company’s 50 day moving average price is $106.08 and its two-hundred day moving average price is $121.20. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

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

Science Applications International Dividend Announcement

The business also recently disclosed 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 1.28%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

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.