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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. boosted its position 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 period. First Trust Advisors LP grew its position in Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock worth $136,163,000 after purchasing an additional 3,078 shares in the last quarter. Norges Bank purchased a new position in Science Applications International in the fourth quarter worth $63,572,000. LSV Asset Management boosted its stake in Science Applications International by 3.2% in the fourth quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider's stock valued at $55,237,000 after acquiring an additional 15,447 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Science Applications International by 12.9% in the fourth quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider's stock valued at $51,258,000 after buying an additional 52,422 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Science Applications International stock traded up $2.03 on Tuesday, hitting $114.57. The company's stock had a trading volume of 475,034 shares, compared to its average volume of 551,348. 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. The company has a fifty day moving average price of $112.29 and a 200-day moving average price of $111.45. The firm has a market cap of $5.37 billion, a P/E ratio of 19.32 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period in the prior year, the business earned $1.92 EPS. The firm's revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate 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 will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is presently 20.76%.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several research reports. Barclays decreased 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 report on Monday, June 9th. Truist Financial cut their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Wells Fargo & Company upped their price objective on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Jefferies Financial Group lifted their price objective 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.