Heartland Advisors Inc. Has $3.91 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Heartland Advisors Inc. lessened its stake in Science Applications International Co. (NYSE:SAIC) by 56.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,000 shares of the information technology services provider’s stock after selling 45,544 shares during the quarter. Heartland Advisors Inc. owned about 0.07% of Science Applications International worth $3,912,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its holdings in shares of 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 valued at $786,000 after purchasing an additional 142 shares in the last quarter. Norges Bank bought a new stake in shares of Science Applications International in the fourth quarter worth $63,572,000. WINTON GROUP Ltd boosted its holdings in Science Applications International by 2,961.3% during the fourth quarter. WINTON GROUP Ltd now owns 48,460 shares of the information technology services provider’s stock worth $5,417,000 after purchasing an additional 46,877 shares during the last quarter. Prudential Financial Inc. grew its position in Science Applications International by 285.5% in the fourth quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock valued at $17,012,000 after purchasing an additional 102,933 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Science Applications International in the 4th quarter valued at $229,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAIC shares. Wells Fargo & Company raised their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. UBS Group upped their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Insider Activity at Science Applications International

In other news, Director Milford W. Mcguirt bought 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $112.53 on Friday. The business’s 50 day moving average is $106.36 and its 200-day moving average is $121.74. The firm has a market cap of $5.37 billion, a P/E ratio of 18.98 and a beta of 0.66. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

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.