Science Applications International Co. (NYSE:SAIC) Stake Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 359.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,620 shares of the information technology services provider's stock after acquiring an additional 61,494 shares during the quarter. Balyasny Asset Management L.P. owned about 0.16% of Science Applications International worth $8,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International in the fourth quarter valued at $28,000. Kapitalo Investimentos Ltda purchased a new position in Science Applications International in the 4th quarter valued at about $58,000. Jones Financial Companies Lllp boosted its position in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 167 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Science Applications International in the 4th quarter valued at about $77,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Garth Graham bought 215 shares of the business's stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $116.75 per share, with a total value of $25,101.25. Following the purchase, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This represents a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,260 shares of company stock worth $365,037. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SAIC. JPMorgan Chase & Co. reduced their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. UBS Group increased their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. Truist Financial reduced their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $131.33.

Science Applications International Stock Performance

Shares of Science Applications International stock traded down $0.60 during trading hours on Tuesday, reaching $119.08. The company's stock had a trading volume of 575,271 shares, compared to its average volume of 502,868. The company's 50 day simple moving average is $114.02 and its 200 day simple moving average is $116.04. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock has a market cap of $5.68 billion, a P/E ratio of 20.08 and a beta of 0.55.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $1.43 earnings per share. Science Applications International's revenue was up 5.8% on a year-over-year basis. As a group, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, April 11th. Science Applications International's payout ratio is 20.58%.

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.