Science Applications International Co. (NYSE:SAIC) Shares Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP significantly increased its stake in Science Applications International Co. by 134.5%, owning 18,755 shares worth approximately $2.1 million.
• Science Applications International had a quarterly earnings per share (EPS) of $1.92, missing estimates of $2.17, while its revenue grew by 1.6% compared to the previous year.
• The company announced a quarterly dividend of $0.37 per share, representing an annualized dividend yield of 1.3% with a payout ratio of 20.76%.

Entropy Technologies LP lifted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 134.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,755 shares of the information technology services provider's stock after purchasing an additional 10,756 shares during the quarter. Entropy Technologies LP's holdings in Science Applications International were worth $2,106,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Trexquant Investment LP acquired a new stake in Science Applications International during the 4th quarter worth about $549,000. Wells Fargo & Company MN lifted its position in Science Applications International by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 59,140 shares of the information technology services provider's stock worth $6,611,000 after acquiring an additional 2,891 shares during the period. Envestnet Asset Management Inc. lifted its position in Science Applications International by 10.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 35,004 shares of the information technology services provider's stock worth $3,913,000 after acquiring an additional 3,222 shares during the period. Russell Investments Group Ltd. lifted its position in Science Applications International by 74.4% during the 4th quarter. Russell Investments Group Ltd. now owns 15,830 shares of the information technology services provider's stock worth $1,769,000 after acquiring an additional 6,752 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Science Applications International by 436.2% during the 4th quarter. Cerity Partners LLC now owns 8,397 shares of the information technology services provider's stock valued at $955,000 after buying an additional 6,831 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Stifel Nicolaus assumed coverage on Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. Barclays cut their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Finally, UBS Group cut their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.64.

Science Applications International Price Performance

SAIC stock traded down $0.18 during trading on Friday, hitting $117.13. The stock had a trading volume of 72,265 shares, compared to its average volume of 662,947. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The stock has a market capitalization of $5.49 billion, a P/E ratio of 19.75 and a beta of 0.49. The company's 50-day moving average price is $111.89 and its two-hundred day moving average price is $111.48.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.37 dividend. The ex-dividend date 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 is currently 20.76%.

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.