GAMMA Investing LLC Raises Position in Science Applications International Co. (NYSE:SAIC)

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

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

Science Applications International Price Performance

Shares of SAIC traded up $0.34 during midday trading on Tuesday, hitting $103.86. The company's stock had a trading volume of 59,164 shares, compared to its average volume of 533,118. The company's fifty day simple moving average is $116.10 and its two-hundred day simple moving average is $112.57. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.50 and a beta of 0.50. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. 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 announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same period in the prior year, the firm earned $1.92 earnings per share. Science Applications International's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is presently 20.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAIC shares. UBS Group lowered their price objective 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. Truist Financial reduced their target price on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company upped their price objective 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. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $124.20.

Insider Transactions at Science Applications International

In other news, Director Milford W. Mcguirt acquired 500 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. The trade was a 7.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John K. Tien, Jr. bought 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the acquisition, the director now directly owns 919 shares in the company, valued at $107,063.50. This trade represents a 30.54% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 over the last ninety days. 0.44% of the stock is currently owned by insiders.

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.