Science Applications International Co. (NYSE:SAIC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,388 shares of the information technology services provider's stock after purchasing an additional 15,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Science Applications International worth $15,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Science Applications International during the fourth quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. lifted 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 buying an additional 464,989 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Science Applications International during the fourth quarter worth approximately $34,909,000. AQR Capital Management LLC grew its position in Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock worth $49,413,000 after purchasing an additional 179,963 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Science Applications International in the fourth quarter valued at $18,694,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Price Performance

SAIC stock traded down $0.96 on Friday, reaching $114.35. 1,015,779 shares of the company's stock were exchanged, compared to its average volume of 519,723. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $117.25 and a 200-day moving average of $113.47. The firm has a market cap of $5.46 billion, a PE ratio of 19.28 and a beta of 0.55.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company posted $1.43 EPS. The business'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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.29%. Science Applications International's payout ratio is 20.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently 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 for the company in a research note on Tuesday, April 15th. UBS Group increased their price objective 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. Jefferies Financial Group boosted their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $131.20.

Insider Transactions at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares in the company, valued at $443,237.76. The trade was a 6.05% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 3,260 shares of company stock valued at $365,037 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

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.