Entropy Technologies LP Grows Stock Holdings in Science Applications International Co. (NYSE:SAIC)

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 boosted its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 134.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of 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 period. US Bancorp DE raised its stake in shares of 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 valued at $36,000 after acquiring an additional 90 shares during the period. Larson Financial Group LLC raised its stake in shares of Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 98 shares during the period. True Wealth Design LLC purchased a new stake in shares of Science Applications International in the fourth quarter valued at $48,000. Finally, Fifth Third Bancorp raised its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Up 0.4%

Shares of Science Applications International stock opened at $116.66 on Monday. 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 1 year low of $94.68 and a 1 year high of $156.34. The firm's 50-day moving average is $110.64 and its two-hundred day moving average is $111.28. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 19.67 and a beta of 0.49.

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 (EPS) 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%. During the same quarter in the prior year, the firm earned $1.92 EPS. The business's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, July 11th. Science Applications International's dividend payout ratio is presently 20.76%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAIC. Barclays reduced their target price on shares of 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. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company increased their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial raised their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, UBS Group reduced their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of "Hold" and an average target price of $125.64.

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.

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