Brevan Howard Capital Management LP bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,224 shares of the information technology services provider's stock, valued at approximately $360,000.
A number of other hedge funds have also recently modified their holdings of SAIC. Norges Bank acquired a new stake in Science Applications International in the fourth quarter valued at approximately $63,572,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Science Applications International by 27.0% in 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 buying an additional 464,989 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Science Applications International in the fourth quarter worth approximately $34,909,000. AQR Capital Management LLC increased its position in shares of Science Applications International by 68.4% during the fourth quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock worth $49,413,000 after purchasing an additional 179,963 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Science Applications International in the 4th quarter valued at $18,694,000. Hedge funds and other institutional investors own 76.00% of the company's stock.
Science Applications International Trading Down 0.5%
Shares of NYSE SAIC traded down $0.60 during mid-day trading on Tuesday, reaching $119.08. 575,271 shares of the company's stock were exchanged, compared to its average volume of 502,868. The company's 50-day moving average is $114.02 and its 200-day 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 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 20.08 and a beta of 0.55.
Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly 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. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. Analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.
Science Applications International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.24%. Science Applications International's dividend payout ratio is presently 20.58%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut 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. Finally, Truist Financial lowered their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $131.33.
Check Out Our Latest Stock Analysis on SAIC
Insider Activity
In related news, Director Milford W. Mcguirt acquired 500 shares of the stock in a transaction dated Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now owns 45,183 shares of the company's stock, valued at $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,260 shares of company stock valued at $365,037. 0.67% of the stock is currently owned by company insiders.
About Science Applications International
(
Free Report)
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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