3,941 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,941 shares of the information technology services provider's stock, valued at approximately $442,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares during the period. Larson Financial Group LLC boosted its stake in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 98 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Science Applications International in the fourth quarter valued at $48,000. Fifth Third Bancorp raised its holdings in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the period. Finally, Hughes Financial Services LLC bought a new position in Science Applications International in the 1st quarter worth about $58,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered 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. Jefferies Financial Group boosted their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Barclays lowered their price target on shares of 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. Wells Fargo & Company lifted their price target 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, UBS Group reduced their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $125.64.

Science Applications International Stock Down 0.2%

Shares of Science Applications International stock traded down $0.18 during trading on Friday, reaching $114.81. The company's stock had a trading volume of 313,062 shares, compared to its average volume of 698,033. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a 50-day simple moving average of $111.69 and a two-hundred day simple moving average of $111.51. 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 market cap of $5.38 billion, a price-to-earnings ratio of 19.36 and a beta of 0.49.

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 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 last year, the company posted $1.92 earnings per share. Science Applications International's revenue for the quarter was up 1.6% 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 year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.29%. Science Applications International's dividend payout ratio 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.