Science Applications International Co. (NYSE:SAIC) Shares Bought by Vident Advisory LLC

Vident Advisory LLC raised its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,188 shares of the information technology services provider's stock after purchasing an additional 3,935 shares during the quarter. Vident Advisory LLC owned 0.07% of Science Applications International worth $3,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sovereign s Capital Management LLC bought a new position in Science Applications International in the 4th quarter worth $428,000. Squarepoint Ops LLC lifted its stake in Science Applications International by 288.2% in the 4th quarter. Squarepoint Ops LLC now owns 119,163 shares of the information technology services provider's stock worth $13,320,000 after purchasing an additional 88,464 shares in the last quarter. Twinbeech Capital LP bought a new position in shares of Science Applications International during the 4th quarter valued at approximately $259,000. Two Sigma Advisers LP lifted its position in Science Applications International by 78.2% in the fourth quarter. Two Sigma Advisers LP now owns 47,610 shares of the information technology services provider's stock worth $5,322,000 after buying an additional 20,900 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Science Applications International by 83.1% in the fourth quarter. Two Sigma Investments LP now owns 97,304 shares of the information technology services provider's stock valued at $10,877,000 after acquiring an additional 44,168 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Price Performance

Shares of Science Applications International stock traded down $5.17 on Monday, reaching $117.28. The company's stock had a trading volume of 700,387 shares, compared to its average volume of 512,545. The company has a market capitalization of $5.60 billion, a P/E ratio of 19.78 and a beta of 0.55. The stock has a 50-day moving average price of $116.45 and a 200-day moving average price of $114.44. 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 Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

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. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. Analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.26%. Science Applications International's payout ratio is currently 20.58%.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target 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. Truist Financial lowered their price objective on shares of 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Jefferies Financial Group upped their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped 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 report on Tuesday, April 15th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $131.20.

Insiders Place Their Bets

In other news, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at $5,045,585.61. This trade represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were acquired at an average cost 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. The trade was a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,260 shares of company stock valued at $365,037 in the last 90 days. 0.44% of the stock is owned by insiders.

Science Applications International 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.