Pallas Capital Advisors LLC Buys Shares of 4,865 Science Applications International Co. (NYSE:SAIC)

Pallas Capital Advisors LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,865 shares of the information technology services provider's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAIC. Empowered Funds LLC grew its position in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after acquiring an additional 874 shares in the last quarter. Truist Financial Corp grew its position in Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after acquiring an additional 233 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Science Applications International in the fourth quarter valued at approximately $1,414,000. GAMMA Investing LLC grew its position in Science Applications International by 21,994.2% in the first quarter. GAMMA Investing LLC now owns 68,934 shares of the information technology services provider's stock valued at $7,739,000 after acquiring an additional 68,622 shares in the last quarter. Finally, Savant Capital LLC grew its position in shares of Science Applications International by 308.0% during the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider's stock worth $1,057,000 after buying an additional 7,139 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

SAIC stock traded up $0.52 during mid-day trading on Friday, reaching $105.43. The company had a trading volume of 555,661 shares, compared to its average volume of 540,089. 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 stock has a market capitalization of $4.94 billion, a P/E ratio of 17.78 and a beta of 0.50. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock's 50-day simple moving average is $115.57 and its two-hundred day simple moving average is $112.12.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 earnings per share. Research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's payout ratio is currently 20.76%.

Insider Buying and Selling

In other Science Applications International news, Director Carolyn B. Handlon acquired 230 shares of the firm's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. The trade was a 6.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Garth Graham bought 215 shares of the stock in a transaction 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 owns 7,159 shares in the company, valued at approximately $835,813.25. This represents a 3.10% increase in their ownership of the stock. 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 over the last three months. Company insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAIC shares. Jefferies Financial Group raised their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Barclays decreased 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. 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 report on Tuesday, April 15th. UBS Group decreased their price target on shares of 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. Finally, Truist Financial decreased their price target on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $124.20.

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.