XTX Topco Ltd Increases Holdings in Science Applications International Co. (NYSE:SAIC)

Key Points

• XTX Topco Ltd increased its stake in Science Applications International Co. by 32.1% in the first quarter, purchasing an additional 3,924 shares and bringing its total holdings to $1.813 million.
• Science Applications International reported earnings of $1.92 per share, missing estimates of $2.17 by $0.25, with a revenue increase of 1.6% year-over-year.
• The company declared a quarterly dividend of $0.37 per share, representing an annualized yield of 1.32% and a payout ratio of 20.76%.

XTX Topco Ltd grew its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 32.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,146 shares of the information technology services provider's stock after purchasing an additional 3,924 shares during the quarter. XTX Topco Ltd's holdings in Science Applications International were worth $1,813,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of 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 worth $244,412,000 after acquiring an additional 464,989 shares during the period. First Trust Advisors LP lifted its stake in shares of Science Applications International by 0.3% in the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock worth $136,163,000 after acquiring an additional 3,078 shares during the period. Norges Bank acquired a new position in shares of Science Applications International in the fourth quarter worth approximately $63,572,000. LSV Asset Management increased its holdings 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 worth $55,237,000 after purchasing an additional 15,447 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in 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 worth $51,258,000 after purchasing an additional 52,422 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on SAIC. Wells Fargo & Company lifted their target price on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group decreased their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. 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. Truist Financial boosted their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, Barclays decreased their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.64.

Science Applications International Price Performance

NYSE SAIC traded down $0.75 during trading on Friday, reaching $110.73. The company's stock had a trading volume of 534,079 shares, compared to its average volume of 686,720. The stock has a market capitalization of $5.19 billion, a PE ratio of 18.67 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day moving average of $110.76 and a 200 day moving average of $111.39. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate 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 business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

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.