12,599 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Ontario Teachers Pension Plan Board

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.

Ontario Teachers Pension Plan Board bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,599 shares of the information technology services provider's stock, valued at approximately $1,414,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. lifted its stake in shares of 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 valued at $244,412,000 after buying an additional 464,989 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Science Applications International during the 4th quarter worth $34,909,000. AQR Capital Management LLC boosted its holdings 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 during the last quarter. Marshall Wace LLP purchased a new stake in shares of Science Applications International in the fourth quarter valued at $18,694,000. Finally, Bragg Financial Advisors Inc increased its stake in Science Applications International by 97.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 209,541 shares of the information technology services provider's stock valued at $23,422,000 after purchasing an additional 103,191 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SAIC. Stifel Nicolaus began coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. UBS Group lowered their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their price target on 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. Barclays reduced their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Finally, Wells Fargo & Company increased their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $125.64.

Science Applications International Stock Up 0.2%

Shares of NYSE:SAIC traded up $0.18 during mid-day trading on Tuesday, hitting $116.05. 94,084 shares of the company traded hands, compared to its average volume of 669,133. The firm's 50 day simple moving average is $110.95 and its 200 day simple moving average is $111.33. The firm has a market cap of $5.44 billion, a P/E ratio of 19.58 and a beta of 0.49. 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.

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

Science Applications International Dividend Announcement

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

Science Applications International Company 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.