Aristeia Capital L.L.C. Purchases Shares of 2,704 Science Applications International Co. (NYSE:SAIC)

Aristeia Capital L.L.C. acquired a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,704 shares of the information technology services provider's stock, valued at approximately $302,000.

Several other large investors have also recently added to or reduced their stakes in SAIC. Empowered Funds LLC lifted its stake in shares of Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after acquiring an additional 874 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International during the fourth quarter worth approximately $312,000. Pure Financial Advisors LLC raised its stake in Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock worth $2,062,000 after purchasing an additional 2,946 shares in the last quarter. Truist Financial Corp raised its stake in Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after purchasing an additional 233 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Science Applications International during the fourth quarter worth $1,414,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Trading Down 0.4 %

SAIC traded down $0.50 during mid-day trading on Wednesday, hitting $120.79. 479,008 shares of the stock were exchanged, compared to its average volume of 497,193. The firm's fifty day moving average is $112.32 and its two-hundred day moving average is $116.91. 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 Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a market cap of $5.77 billion, a PE ratio of 20.37 and a beta of 0.55.

Science Applications International (NYSE:SAIC - Get Free Report) 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 return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.43 EPS. The business's revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAIC. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Truist Financial cut their price target on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company cut their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and decreased their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $131.33.

Insider Transactions at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. purchased 215 shares of the stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the acquisition, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now directly owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,260 shares of company stock valued at $365,037 over the last quarter. Company insiders own 0.67% of the company's stock.

Science Applications International 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.