Jefferies Financial Group Inc. Acquires Shares of 15,266 Science Applications International Co. (NYSE:SAIC)

Jefferies Financial Group Inc. purchased a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,266 shares of the information technology services provider's stock, valued at approximately $1,706,000.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter valued at about $63,572,000. Fuller & Thaler Asset Management Inc. lifted its stake in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock valued at $244,412,000 after buying an additional 464,989 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Science Applications International during the 4th quarter worth approximately $34,909,000. AQR Capital Management LLC grew its position in shares of 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 period. Finally, Marshall Wace LLP acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $18,694,000. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Down 0.0%

Science Applications International stock traded down $0.03 during trading on Thursday, hitting $115.31. 780,532 shares of the company were exchanged, compared to its average volume of 516,417. The company has a market capitalization of $5.50 billion, a P/E ratio of 19.45 and a beta of 0.55. The business's 50 day moving average is $117.01 and its 200 day moving average is $114.25. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. 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 posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. Analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. Science Applications International's dividend payout ratio is currently 20.58%.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Garth Graham acquired 215 shares of the stock in a transaction on Monday, April 14th. The stock was bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,260 shares of company stock valued at $365,037 in the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SAIC has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price 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. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Jefferies Financial Group boosted their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. UBS Group upped their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and an average price target of $131.20.

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.