Tidal Investments LLC Purchases 5,556 Shares of Science Applications International Co. (NYSE:SAIC)

Tidal Investments LLC lifted its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 386.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,993 shares of the information technology services provider's stock after purchasing an additional 5,556 shares during the quarter. Tidal Investments LLC's holdings in Science Applications International were worth $782,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SAIC. Cornerstone Planning Group LLC purchased a new position in Science Applications International in the 4th quarter worth approximately $28,000. True Wealth Design LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International in the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp grew its position in Science Applications International by 32.3% during 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. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 167 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. UBS Group boosted their price objective on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Truist Financial cut 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 report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group increased their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Science Applications International presently has an average rating of "Hold" and an average target price of $131.20.

Science Applications International Stock Performance

Science Applications International stock traded down $0.03 during mid-day trading on Thursday, reaching $115.31. 780,532 shares of the stock traded hands, compared to its average volume of 515,424. The stock has a market capitalization of $5.50 billion, a PE ratio of 19.45 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business's 50-day moving average is $117.01 and its 200-day moving average is $114.25.

Science Applications International (NYSE:SAIC - Get Free Report) last posted 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. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insider Buying and Selling at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the acquisition, the chief executive officer now owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This trade represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was 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 approximately $756,477.78. This trade represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 3,260 shares of company stock valued at $365,037. Company insiders own 0.44% of the company's stock.

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.