AQR Capital Management LLC Grows Stock Position in Science Applications International Co. (NYSE:SAIC)

AQR Capital Management LLC raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 68.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,246 shares of the information technology services provider's stock after purchasing an additional 179,963 shares during the period. AQR Capital Management LLC owned 0.91% of Science Applications International worth $49,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its position in Science Applications International by 27.0% in the fourth 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 buying an additional 464,989 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Science Applications International by 0.3% during the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock worth $136,163,000 after purchasing an additional 3,078 shares during the period. Norges Bank bought a new position in Science Applications International during the 4th quarter valued at about $63,572,000. Bank of New York Mellon Corp grew its holdings in Science Applications International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock valued at $58,497,000 after purchasing an additional 31,374 shares during the last quarter. Finally, LSV Asset Management raised its position in Science Applications International by 3.2% in the 4th quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider's stock worth $55,237,000 after purchasing an additional 15,447 shares during the period. 76.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. 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 note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $131.33.

Science Applications International Stock Up 3.2 %

Science Applications International stock traded up $3.78 during midday trading on Tuesday, reaching $121.37. The company's stock had a trading volume of 494,394 shares, compared to its average volume of 495,648. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.79 billion, a P/E ratio of 20.47 and a beta of 0.55. The stock's 50-day simple moving average is $111.90 and its 200-day simple moving average is $116.88. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results 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 company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current 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 1.22%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon purchased 230 shares of the firm's stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the acquisition, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. The trade was a 6.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Garth Graham acquired 215 shares of the company's stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now directly owns 7,159 shares in the company, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,260 shares of company stock valued at $365,037 over the last quarter. 0.67% of the stock is currently owned by company insiders.

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.