GAMMA Investing LLC Grows Stake in Science Applications International Co. (NYSE:SAIC)

GAMMA Investing LLC grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 21,994.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,934 shares of the information technology services provider's stock after acquiring an additional 68,622 shares during the period. GAMMA Investing LLC owned about 0.14% of Science Applications International worth $7,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of Science Applications International by 58.7% during the 4th quarter. State of Alaska Department of Revenue now owns 33,249 shares of the information technology services provider's stock worth $3,716,000 after acquiring an additional 12,300 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Science Applications International by 27.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,889 shares of the information technology services provider's stock worth $323,000 after acquiring an additional 623 shares during the period. Empowered Funds LLC lifted its holdings in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after acquiring an additional 874 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Science Applications International during the 4th quarter worth $894,000. Finally, Savant Capital LLC boosted its stake in Science Applications International by 308.0% during the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider's stock worth $1,057,000 after buying an additional 7,139 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

SAIC traded up $1.11 during trading on Thursday, hitting $104.91. 463,973 shares of the stock were exchanged, compared to its average volume of 536,911. 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 Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The stock has a fifty day moving average price of $115.73 and a two-hundred day moving average price of $112.45. The firm has a market capitalization of $4.92 billion, a P/E ratio of 17.69 and a beta of 0.50.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates 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 quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon bought 230 shares of Science Applications International stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. The trade was a 6.05% 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, CEO Toni Townes-Whitley purchased 2,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This trade represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 in the last ninety days. Insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAIC. JPMorgan Chase & Co. cut their price target 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Barclays lowered their target price 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. Wells Fargo & Company upped their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, UBS Group decreased their price objective 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 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. According to MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average price target of $124.20.

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.