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Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Science Applications International Co. (NYSE:SAIC)

Science Applications International logo with Computer and Technology background

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 institutional investors also recently modified their holdings of SAIC. Jefferies Financial Group Inc. bought a new stake in Science Applications International during the fourth quarter worth about $1,706,000. Formidable Asset Management LLC bought a new stake in Science Applications International during the fourth quarter worth about $423,000. Public Employees Retirement System of Ohio bought a new stake in Science Applications International during the fourth quarter worth about $2,023,000. CSS LLC IL bought a new stake in Science Applications International during the fourth quarter worth about $437,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Science Applications International by 12.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,388 shares of the information technology services provider's stock worth $15,916,000 after purchasing an additional 15,436 shares during the period. Institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIC. Jefferies Financial Group upped their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Truist Financial lowered their target price on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday. UBS Group lowered their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued 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.com, Science Applications International has a consensus rating of "Hold" and a consensus price target of $128.70.

Read Our Latest Analysis on SAIC

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the transaction, the chief executive officer now owns 45,183 shares of the company's stock, valued at $5,045,585.61. This represents a 4.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn B. Handlon purchased 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the transaction, the director now directly 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 a total of 3,260 shares of company stock worth $365,037 in the last ninety days. Corporate insiders own 0.44% of the company's stock.

Science Applications International Trading Up 2.8%

Shares of SAIC stock traded up $2.87 during trading hours on Friday, hitting $105.32. 728,278 shares of the company were exchanged, compared to its average volume of 533,079. The firm has a market cap of $5.03 billion, a P/E ratio of 17.76 and a beta of 0.55. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day simple moving average of $116.34 and a two-hundred day simple moving average of $112.87.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). 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 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. Equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio is currently 20.58%.

About Science Applications International

(Free Report)

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.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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