Jackson Creek Investment Advisors LLC Acquires New Position in Science Applications International Co. (NYSE:SAIC)

Jackson Creek Investment Advisors LLC acquired a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,149 shares of the information technology services provider's stock, valued at approximately $578,000.

A number of other large investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Larson Financial Group LLC lifted its position in Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares during the last quarter. True Wealth Design LLC bought a new stake in Science Applications International during the fourth quarter valued at approximately $48,000. Fifth Third Bancorp lifted its position in Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Science Applications International during the fourth quarter valued at approximately $58,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Down 0.1%

Science Applications International stock traded down $0.16 during mid-day trading on Friday, reaching $113.42. The stock had a trading volume of 249,369 shares, compared to its average volume of 551,960. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 19.13 and a beta of 0.49. The company has a 50-day moving average price of $112.29 and a two-hundred day moving average price of $111.46. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. 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 (NYSE:SAIC - Get Free Report) last released its quarterly 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 quarter in the previous year, the business posted $1.92 EPS. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.30%. Science Applications International's payout ratio is 20.76%.

Wall Street Analyst Weigh In

Several research firms have commented on SAIC. UBS Group decreased 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. Stifel Nicolaus started coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target on the stock. Jefferies Financial Group lifted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Wells Fargo & Company lifted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Barclays decreased 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. 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $124.73.

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.