Sherbrooke Park Advisers LLC Invests $261,000 in Science Applications International Co. (NYSE:SAIC)

Sherbrooke Park Advisers LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,337 shares of the information technology services provider's stock, valued at approximately $261,000.

A number of other large investors have also recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International in the fourth quarter valued at $28,000. Kapitalo Investimentos Ltda acquired a new stake in Science Applications International in the fourth quarter valued at $58,000. Jones Financial Companies Lllp lifted its stake in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after acquiring an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after acquiring an additional 167 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Science Applications International in the fourth quarter valued at $77,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

NYSE:SAIC traded down $5.17 during mid-day trading on Friday, reaching $117.28. 700,387 shares of the company's stock were exchanged, compared to its average volume of 512,545. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The firm has a market capitalization of $5.60 billion, a PE ratio of 19.78 and a beta of 0.55. The business's fifty day simple moving average is $116.45 and its two-hundred day simple moving average is $114.44. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

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, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $1.43 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Carolyn B. Handlon bought 230 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director now directly owns 4,032 shares in the company, valued at approximately $443,237.76. This represents a 6.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Garth Graham bought 215 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now owns 7,159 shares in the company, valued at $835,813.25. This trade 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 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut 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 note on Tuesday, April 15th. Jefferies Financial Group raised their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company cut their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One 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 stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $131.20.

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.