Thrivent Financial for Lutherans Sells 659 Shares of Science Applications International Co. (NYSE:SAIC)

Thrivent Financial for Lutherans cut its holdings in Science Applications International Co. (NYSE:SAIC) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,388 shares of the information technology services provider’s stock after selling 659 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Science Applications International were worth $1,456,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC bought a new position in shares of Science Applications International during the second quarter valued at $27,000. Parallel Advisors LLC lifted its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Science Applications International by 30.4% during 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 last quarter. CWM LLC grew its stake in shares of Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Price Performance

SAIC stock opened at $144.04 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 12 month low of $104.46 and a 12 month high of $145.17. The stock has a market cap of $7.38 billion, a PE ratio of 16.87 and a beta of 0.70. The company has a 50-day moving average price of $130.06 and a 200 day moving average price of $126.87.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts anticipate that Science Applications International Co. will post 8.17 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.03%. Science Applications International’s dividend payout ratio (DPR) is 17.33%.

Analyst Ratings Changes

Several brokerages recently issued reports on SAIC. Barclays raised their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $170.00 in a research note on Wednesday. Finally, Citigroup boosted their price target on shares of Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $146.14.

Insider Transactions at Science Applications International

In other news, EVP James Joshua Jackson purchased 400 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Joshua Jackson bought 400 shares of the stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of $114.28 per share, with a total value of $45,712.00. Following the acquisition, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,550 shares of company stock valued at $184,319. 0.67% of the stock is currently owned by company insiders.

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.