Two Sigma Investments LP Boosts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Two Sigma Investments LP increased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,304 shares of the information technology services provider's stock after buying an additional 44,168 shares during the quarter. Two Sigma Investments LP owned 0.20% of Science Applications International worth $10,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIC. Merit Financial Group LLC purchased a new position in Science Applications International during the 4th quarter worth $244,000. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International during the 4th quarter worth about $312,000. Blue Trust Inc. lifted its position in Science Applications International by 35.8% during the 4th quarter. Blue Trust Inc. now owns 2,082 shares of the information technology services provider's stock worth $233,000 after acquiring an additional 549 shares during the period. KBC Group NV lifted its position in Science Applications International by 48.0% during the 4th quarter. KBC Group NV now owns 2,182 shares of the information technology services provider's stock worth $244,000 after acquiring an additional 708 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Science Applications International by 4.8% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock worth $244,000 after acquiring an additional 100 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Science Applications International news, Director Garth Graham purchased 215 shares of Science Applications International stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average price of $116.75 per share, with a total value 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction that occurred on 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 acquisition, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by company insiders.

Science Applications International Stock Performance

Shares of SAIC stock traded down $0.58 on Thursday, hitting $114.76. The company had a trading volume of 150,120 shares, compared to its average volume of 513,025. The firm has a market cap of $5.48 billion, a P/E ratio of 19.32 and a beta of 0.55. The company has a 50-day moving average price of $117.01 and a 200-day moving average price of $114.25. 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 twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 24.18% and a net margin of 4.11%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. As a group, equities research analysts predict that Science Applications International Co. will post 8.27 earnings per share 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 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 1.29%. Science Applications International's payout ratio is 20.58%.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research reports. UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Truist Financial lowered their price target on 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. Wells Fargo & Company lowered their price target on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.