Science Applications International Co. (NYSE:SAIC) Stock Position Decreased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in Science Applications International Co. by 23.9% in the first quarter, owning 7,340 shares after selling 2,309 shares.
• Several institutional investors have adjusted their positions, with Fifth Third Bancorp increasing its stake by 22.7% and Parallel Advisors LLC by 112.1% in the same period.
• Analysts have set a new average price target of $125.64 for Science Applications International, with ratings ranging from sell to strong buy.

GSA Capital Partners LLP cut its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 23.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,340 shares of the information technology services provider's stock after selling 2,309 shares during the quarter. GSA Capital Partners LLP's holdings in Science Applications International were worth $824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAIC. Norges Bank acquired a new stake in Science Applications International during the 4th quarter valued at approximately $63,572,000. Fuller & Thaler Asset Management Inc. lifted its holdings in 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 during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Science Applications International during the 4th quarter worth approximately $34,909,000. AQR Capital Management LLC lifted its holdings in 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 during the last quarter. Finally, Marshall Wace LLP bought a new position in Science Applications International during the 4th quarter worth approximately $18,694,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on SAIC shares. Truist Financial increased their target price on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Wells Fargo & Company raised 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. Jefferies Financial Group raised their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. cut 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. Finally, UBS Group cut their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $125.64.

Science Applications International Stock Performance

SAIC traded down $0.04 during trading hours on Wednesday, hitting $115.15. The company's stock had a trading volume of 154,361 shares, compared to its average volume of 678,826. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a market capitalization of $5.40 billion, a PE ratio of 19.41 and a beta of 0.49. The company has a 50-day simple moving average of $110.58 and a 200 day simple moving average of $111.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

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 (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 last year, the firm earned $1.92 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

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.