Man Group plc Buys 69,573 Shares of Science Applications International Co. (NYSE:SAIC)

Man Group plc grew its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 265.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,817 shares of the information technology services provider's stock after buying an additional 69,573 shares during the period. Man Group plc owned approximately 0.20% of Science Applications International worth $10,710,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brookstone Capital Management raised its stake in shares of Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock worth $272,000 after purchasing an additional 160 shares during the period. Merit Financial Group LLC bought a new stake in shares of Science Applications International during the 4th quarter worth $244,000. HB Wealth Management LLC raised its stake in shares of Science Applications International by 4.0% during the 4th quarter. HB Wealth Management LLC now owns 17,509 shares of the information technology services provider's stock worth $1,957,000 after purchasing an additional 679 shares during the period. Pure Financial Advisors LLC raised its stake in shares of Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock worth $2,062,000 after purchasing an additional 2,946 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Science Applications International during the 4th quarter worth $312,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Down 0.6%

Shares of NYSE SAIC traded down $0.69 during trading on Wednesday, reaching $122.45. The company had a trading volume of 464,498 shares, compared to its average volume of 508,252. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market cap of $5.85 billion, a PE ratio of 20.65 and a beta of 0.55. The business's 50-day moving average is $116.16 and its 200 day moving average is $115.30. 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 released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal 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 issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio is 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. This trade represents a 7.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Garth Graham bought 215 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SAIC. Wells Fargo & Company decreased their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Jefferies Financial Group boosted their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Truist Financial lowered their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International presently has an average rating of "Hold" and a consensus 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.