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

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

A number of other hedge funds have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in 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 valued at $244,412,000 after acquiring an additional 464,989 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Science Applications International by 0.3% during 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 buying an additional 3,078 shares during the last quarter. Norges Bank bought a new stake in shares of Science Applications International during the fourth quarter worth $63,572,000. Bank of New York Mellon Corp grew its stake in shares of Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock worth $58,497,000 after buying an additional 31,374 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Science Applications International by 3.2% during the fourth quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider's stock worth $55,237,000 after buying an additional 15,447 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Insider Activity at Science Applications International

In other news, Director Milford W. Mcguirt bought 500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. This represents a 7.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Garth Graham bought 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the acquisition, the director now owns 7,159 shares of the company's stock, 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 worth $365,037 over the last quarter. Company insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SAIC shares. JPMorgan Chase & Co. decreased 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 research note on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group boosted 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $131.20.

Science Applications International Stock Performance

Shares of NYSE:SAIC remained flat at $122.45 during mid-day trading on Thursday. 375,298 shares of the stock were exchanged, compared to its average volume of 508,903. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 20.65 and a beta of 0.55. The firm's fifty day simple moving average is $116.16 and its two-hundred day simple moving average is $115.30. 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 issued its quarterly 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. Analysts predict 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, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.21%. Science Applications International's payout ratio is 20.58%.

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.