312,304 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 312,304 shares of the information technology services provider's stock, valued at approximately $34,909,000. Adage Capital Partners GP L.L.C. owned 0.64% of Science Applications International at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Science Applications International by 27.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after purchasing an additional 464,989 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Science Applications International by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,480 shares of the information technology services provider's stock worth $3,519,000 after buying an additional 1,783 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Science Applications International in the fourth quarter valued at about $869,000. MetLife Investment Management LLC lifted its position in shares of Science Applications International by 5.4% during the 4th quarter. MetLife Investment Management LLC now owns 27,912 shares of the information technology services provider's stock valued at $3,120,000 after acquiring an additional 1,436 shares during the period. Finally, First Trust Advisors LP raised its position in Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock worth $136,163,000 after acquiring an additional 3,078 shares during the last quarter. Institutional investors own 76.00% of the company's stock.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now owns 6,841 shares in the company, valued at $756,477.78. This represents a 7.89 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Tien, Jr. bought 215 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the transaction, the director now directly owns 919 shares of the company's stock, valued at approximately $107,063.50. The trade was a 30.54 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 3,260 shares of company stock valued at $365,037. 0.67% of the stock is owned by corporate insiders.

Science Applications International Price Performance

Shares of SAIC traded down $1.43 during trading hours on Wednesday, hitting $119.92. 71,362 shares of the stock were exchanged, compared to its average volume of 489,951. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 20.22 and a beta of 0.58. 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 stock's 50-day moving average price is $110.35 and its two-hundred day moving average price is $117.87. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Research analysts expect 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 was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAIC. UBS Group lifted their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Truist Financial decreased their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has an average rating of "Hold" and an average price target of $131.33.

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.