Squarepoint Ops LLC Purchases 88,464 Shares of Science Applications International Co. (NYSE:SAIC)

Squarepoint Ops LLC increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 288.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,163 shares of the information technology services provider's stock after buying an additional 88,464 shares during the quarter. Squarepoint Ops LLC owned about 0.24% of Science Applications International worth $13,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Xponance Inc. raised its position in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after purchasing an additional 99 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock valued at $244,000 after purchasing an additional 100 shares during the period. Mariner LLC raised its position in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after purchasing an additional 106 shares during the period. Pictet Asset Management Holding SA raised its position in Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after purchasing an additional 142 shares during the period. Finally, Jones Financial Companies Lllp raised its position 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 purchasing an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SAIC has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price target on 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 investment analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average target price of $131.20.

Insider Buying and Selling

In other Science Applications International news, Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now owns 6,841 shares in the company, valued at $756,477.78. The trade was 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 hyperlink. Also, Director Garth Graham acquired 215 shares of Science Applications International stock in a transaction on Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the purchase, the director now owns 7,159 shares of the company's stock, valued at approximately $835,813.25. The trade was a 3.10% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock valued at $365,037 over the last quarter. Corporate insiders own 0.44% of the company's stock.

Science Applications International Stock Performance

SAIC stock traded down $2.81 during mid-day trading on Wednesday, reaching $117.13. 164,105 shares of the stock traded hands, compared to its average volume of 510,893. 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. The business has a 50-day moving average of $116.82 and a two-hundred day moving average of $114.24. The firm has a market capitalization of $5.59 billion, a PE ratio of 19.71 and a beta of 0.55.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given 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 (DPR) is presently 20.58%.

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.