Science Applications International Co. (NYSE:SAIC) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 832.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,500 shares of the information technology services provider's stock after buying an additional 30,800 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Science Applications International worth $3,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. raised its stake in Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after purchasing an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 100 shares during the last quarter. Mariner LLC raised its stake in Science Applications International by 2.8% in the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after purchasing an additional 106 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake 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 purchasing an additional 156 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Down 0.3 %

Shares of SAIC traded down $0.42 during midday trading on Monday, hitting $120.88. The company had a trading volume of 344,283 shares, compared to its average volume of 491,223. The company's 50 day moving average price is $109.98 and its 200 day moving average price is $117.84. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 20.38 and a beta of 0.58. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion during 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 company'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 EPS. On average, equities research analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped 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 note on Tuesday, April 15th. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group raised 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. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $131.33.

Insider Activity at Science Applications International

In other news, CEO Toni Townes-Whitley bought 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This trade represents a 4.63 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John K. Tien, Jr. bought 215 shares of Science Applications International stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, with a total value of $25,047.50. Following the completion of the purchase, the director now directly owns 919 shares in the company, valued at $107,063.50. This trade represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,260 shares of company stock valued at $365,037 in the last quarter. Insiders own 0.67% of the company's stock.

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.