Corebridge Financial Inc. Has $6.26 Million Position in Science Applications International Co. (NYSE:SAIC)

Corebridge Financial Inc. lessened its stake in shares of Science Applications International Co. (NYSE:SAIC) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,032 shares of the information technology services provider’s stock after selling 4,549 shares during the quarter. Corebridge Financial Inc.’s holdings in Science Applications International were worth $6,263,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the fourth quarter worth approximately $28,000. Quarry LP bought a new position in shares of Science Applications International during the third quarter worth approximately $71,000. Jones Financial Companies Lllp lifted its holdings in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 167 shares during the period. Finally, Tidal Investments LLC acquired a new position in Science Applications International in the 3rd quarter valued at $200,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SAIC shares. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” 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 on the stock in a research report on Thursday, December 12th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average target price of $134.00.

Science Applications International Trading Up 1.1 %

Shares of SAIC stock opened at $112.53 on Friday. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The stock’s fifty day moving average price is $106.36 and its two-hundred day moving average price is $121.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $5.37 billion, a PE ratio of 18.98 and a beta of 0.66.

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

Science Applications International Announces Dividend

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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. The trade was a 7.89 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

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.