Bayesian Capital Management LP Purchases Shares of 3,729 Science Applications International Co. (NYSE:SAIC)

Bayesian Capital Management LP acquired a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,729 shares of the information technology services provider's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIC. BNP Paribas Financial Markets lifted its holdings in Science Applications International by 305.4% in the 4th quarter. BNP Paribas Financial Markets now owns 44,688 shares of the information technology services provider's stock worth $4,995,000 after purchasing an additional 33,665 shares in the last quarter. Algert Global LLC purchased a new position in shares of Science Applications International in the fourth quarter worth $3,866,000. Aristeia Capital L.L.C. bought a new position in shares of Science Applications International during the fourth quarter worth $302,000. Comerica Bank grew its stake in Science Applications International by 3.7% during the fourth quarter. Comerica Bank now owns 41,423 shares of the information technology services provider's stock valued at $4,630,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Science Applications International in the 4th quarter valued at $58,000. 76.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Garth Graham purchased 215 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. This represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 3,260 shares of company stock valued at $365,037 in the last 90 days. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SAIC shares. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and dropped their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on 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. Finally, UBS Group boosted their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $131.33.

Science Applications International Price Performance

SAIC stock opened at $120.79 on Thursday. The stock has a market cap of $5.77 billion, a PE ratio of 20.37 and a beta of 0.55. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a 50-day moving average price of $112.76 and a 200 day moving average price of $116.94. 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 (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 the consensus estimate 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's payout ratio is presently 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.

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