Universal Beteiligungs und Servicegesellschaft mbH Takes $3.38 Million Position in Science Applications International Co. (NYSE:SAIC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,260 shares of the information technology services provider's stock, valued at approximately $3,382,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Science Applications International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Xponance Inc. increased its stake in shares of Science Applications International by 1.5% in the 4th 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 last quarter. Mariner LLC boosted its stake 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 buying an additional 106 shares in the last quarter. Pictet Asset Management Holding SA grew 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 acquiring an additional 142 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 worth $71,000 after acquiring an additional 156 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in 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. Institutional investors and hedge funds own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAIC. UBS Group reduced their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut 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 report on Tuesday, April 15th. Wells Fargo & Company upped their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday. Jefferies Financial Group raised their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Finally, Truist Financial reduced their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned 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 $128.70.

Insider Activity

In other Science Applications International news, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction that occurred 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 purchase, the chief executive officer now directly 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Garth Graham purchased 215 shares of the company's 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. This trade represents a 3.10% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is currently owned by insiders.

Science Applications International Trading Up 0.1%

NYSE:SAIC traded up $0.14 during trading hours on Thursday, hitting $102.41. 411,393 shares of the company were exchanged, compared to its average volume of 530,150. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.24 and a beta of 0.55. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a fifty day simple moving average of $116.70 and a 200 day simple moving average of $113.09. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period in the prior year, the company earned $1.92 EPS. Science Applications International's revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio is currently 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.