2,806 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Focus Partners Wealth

Focus Partners Wealth acquired a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,806 shares of the information technology services provider's stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Norges Bank acquired a new position in shares of Science Applications International during the 4th quarter worth $63,572,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Science Applications International by 27.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after buying an additional 464,989 shares in 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 $34,909,000. AQR Capital Management LLC raised its holdings 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 buying an additional 179,963 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Science Applications International during the 4th quarter worth $18,694,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley bought 2,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This trade represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now owns 6,841 shares in the company, valued at $756,477.78. This represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,260 shares of company stock worth $365,037 in the last 90 days. Corporate insiders own 0.44% of the company's stock.

Science Applications International Trading Up 2.3%

Shares of NYSE SAIC traded up $2.65 during trading on Tuesday, reaching $119.93. The company had a trading volume of 430,540 shares, compared to its average volume of 512,217. The company's fifty day moving average price is $116.82 and its 200-day moving average price is $114.24. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a market cap of $5.73 billion, a P/E ratio of 20.22 and a beta of 0.55. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.23%. Science Applications International's payout ratio is 20.58%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. UBS Group boosted 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. Truist Financial lowered their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and an average target price of $131.20.

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.