3,910 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Css LLC Il

CSS LLC IL bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,910 shares of the information technology services provider's stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also made changes to their positions in SAIC. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the fourth quarter valued at $28,000. True Wealth Design LLC bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $48,000. Kapitalo Investimentos Ltda bought a new position in Science Applications International in the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp lifted its holdings in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after buying an additional 156 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after acquiring an additional 167 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC stock traded down $2.39 during trading on Wednesday, hitting $117.54. The stock had a trading volume of 205,325 shares, compared to its average volume of 511,222. The company's 50-day moving average price is $116.82 and its two-hundred day moving average price is $114.24. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.61 billion, a P/E ratio of 19.82 and a beta of 0.55. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

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 for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.43 earnings per share. Science Applications International's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,260 shares of company stock worth $365,037. Insiders own 0.44% of the company's stock.

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.