Orion Portfolio Solutions LLC Sells 490 Shares of Science Applications International Co. (NYSE:SAIC)

Orion Portfolio Solutions LLC reduced its holdings in Science Applications International Co. (NYSE:SAIC) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,320 shares of the information technology services provider’s stock after selling 490 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Science Applications International were worth $3,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Larson Financial Group LLC acquired a new position in Science Applications International in the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC increased its position in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAIC has been the subject of several recent research reports. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen increased their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Truist Financial increased their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, UBS Group assumed coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.25.

Science Applications International Stock Down 0.1 %

Shares of NYSE SAIC opened at $115.96 on Wednesday. The firm has a market cap of $5.74 billion, a PE ratio of 19.55 and a beta of 0.64. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The company’s fifty day simple moving average is $137.62 and its 200 day simple moving average is $129.23. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

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.