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Ontario Teachers Pension Plan Board Buys Shares of 12,599 Science Applications International Co. (NYSE:SAIC)

Science Applications International logo with Computer and Technology background

Key Points

  • The Ontario Teachers Pension Plan Board purchased 12,599 shares of Science Applications International Co. (NYSE:SAIC) in Q1, valued at approximately $1,414,000.
  • A significant number of institutional investors have increased their stakes in SAIC, with Fuller & Thaler Asset Management raising their stake by 27.0% in Q4.
  • Science Applications International reported Q1 earnings of $1.92 per share, missing estimates by $0.25, while revenue increased by 1.6% year-over-year.
  • Want stock alerts on Science Applications International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ontario Teachers Pension Plan Board bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,599 shares of the information technology services provider's stock, valued at approximately $1,414,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. US Bancorp DE raised its position in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 90 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth approximately $48,000. Finally, Fifth Third Bancorp increased its stake in Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target for the company. Jefferies Financial Group lifted their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Truist Financial boosted their price target on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company increased their price target on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.64.

Get Our Latest Research Report on Science Applications International

Science Applications International Stock Performance

Science Applications International stock traded up $0.52 during midday trading on Friday, reaching $116.66. 394,999 shares of the stock traded hands, compared to its average volume of 675,824. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. 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 firm has a market cap of $5.47 billion, a price-to-earnings ratio of 19.67 and a beta of 0.49. The firm has a fifty day moving average price of $110.64 and a two-hundred day moving average price of $111.28.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period last year, the company earned $1.92 earnings per share. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Science Applications International Profile

(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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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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