Ameritas Investment Partners Inc. Sells 207 Shares of Science Applications International Co. (NYSE:SAIC)

Ameritas Investment Partners Inc. decreased its stake in Science Applications International Co. (NYSE:SAIC) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,481 shares of the information technology services provider’s stock after selling 207 shares during the period. Ameritas Investment Partners Inc.’s holdings in Science Applications International were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SAIC. Norges Bank bought a new stake in Science Applications International in the 4th quarter worth approximately $75,040,000. First Trust Advisors LP boosted its stake in shares of Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after purchasing an additional 233,075 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Science Applications International by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after purchasing an additional 194,160 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Science Applications International by 12,348.8% during the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after purchasing an additional 91,134 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in Science Applications International in the 1st quarter worth $11,044,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 1.4 %

Shares of NYSE SAIC traded down $1.68 during mid-day trading on Wednesday, hitting $122.14. 272,212 shares of the stock traded hands, compared to its average volume of 314,774. The stock has a fifty day moving average price of $122.18 and a 200-day moving average price of $128.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 14.41 and a beta of 0.69. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, meeting analysts’ consensus estimates of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Research analysts anticipate that Science Applications International Co. will post 8.1 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio is currently 17.33%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of analyst reports. Truist Financial decreased their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. dropped their price target on Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average price target of $125.00.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Prabu Natarajan purchased 2,000 shares of the stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $114.85 per share, with a total value of $229,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 3,715 shares of company stock worth $430,207. Company insiders own 0.67% of the company’s stock.

Science Applications International Company 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.