Crestline Management LP Acquires Shares of 2,829 Science Applications International Co. (NYSE:SAIC)

Crestline Management LP bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,829 shares of the information technology services provider's stock, valued at approximately $316,000.

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

Science Applications International Stock Down 0.5%

Shares of SAIC traded down $0.60 during midday trading on Tuesday, hitting $119.08. 575,271 shares of the company's stock traded hands, compared to its average volume of 502,868. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock 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 Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The firm's fifty day moving average is $114.02 and its 200-day moving average is $116.04.

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, beating 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 during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the business posted $1.43 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insider Buying and Selling at Science Applications International

In other news, Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Garth Graham bought 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 3,260 shares of company stock worth $365,037. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on SAIC. Wells Fargo & Company dropped their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their price objective on shares of 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. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $131.33.

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.