2,090 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP purchased a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,090 shares of the information technology services provider's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Science Applications International in the fourth quarter worth $63,572,000. Fuller & Thaler Asset Management Inc. increased its stake in Science Applications International by 27.0% in the 4th 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 last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Science Applications International during the 4th quarter worth about $34,909,000. AQR Capital Management LLC increased its stake in shares of Science Applications International by 68.4% during the 4th 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. Finally, Marshall Wace LLP acquired a new position in shares of Science Applications International during the 4th quarter worth about $18,694,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Price Performance

SAIC stock traded down $0.03 during trading on Thursday, hitting $115.31. 780,532 shares of the company's stock traded hands, compared to its average volume of 516,417. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business has a fifty day simple moving average of $117.13 and a 200 day simple moving average of $113.98. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.45 and a beta of 0.55.

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 (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. As a group, research analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insiders Place Their Bets

In other Science Applications International news, Director John K. Tien, Jr. purchased 215 shares of Science Applications International stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction on 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 disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,260 shares of company stock worth $365,037. Company insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIC. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial decreased their price target on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $131.20.

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.