Captrust Financial Advisors Buys 4,657 Shares of Science Applications International Co. (NYSE:SAIC)

Captrust Financial Advisors increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 216.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,813 shares of the information technology services provider's stock after purchasing an additional 4,657 shares during the quarter. Captrust Financial Advisors' holdings in Science Applications International were worth $762,000 as of its most recent SEC filing.

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

Insider Transactions at Science Applications International

In other news, Director John K. Tien, Jr. bought 215 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the transaction, the director now directly owns 919 shares in the company, valued at $107,063.50. This represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of Science Applications International 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 acquisition, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. This represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 over the last ninety days. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Truist Financial dropped their price target 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. Wells Fargo & Company decreased their price target 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. Finally, UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus price target of $131.20.

Science Applications International Trading Up 0.4%

Science Applications International stock traded up $0.47 during mid-day trading on Tuesday, hitting $123.14. 335,650 shares of the stock were exchanged, compared to its average volume of 505,543. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.77 and a beta of 0.55. 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 Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The firm's fifty day simple moving average is $115.43 and its two-hundred day simple moving average is $115.20.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly 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 return on equity of 24.18% and a net margin of 4.11%. The firm 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 business earned $1.43 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

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.