Vista Investment Partners LLC Purchases New Position in Science Applications International Co. (NYSE:SAIC)

Vista Investment Partners LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,388 shares of the information technology services provider's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIC. Brown Miller Wealth Management LLC purchased a new stake in shares of Science Applications International during the 1st quarter valued at $335,000. Fifth Third Bancorp grew its stake in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares during the period. SG Americas Securities LLC increased its stake in shares of Science Applications International by 19.4% in the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock worth $506,000 after purchasing an additional 732 shares in the last quarter. GAMMA Investing LLC increased its holdings in Science Applications International by 96.8% in the 1st quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after acquiring an additional 302 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Science Applications International during the first quarter valued at $546,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

NYSE SAIC traded down $1.05 during trading on Friday, reaching $103.65. 1,140,766 shares of the company's stock were exchanged, compared to its average volume of 542,851. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The stock has a market capitalization of $4.86 billion, a P/E ratio of 17.48 and a beta of 0.50. The business has a 50 day moving average price of $115.01 and a 200-day moving average price of $111.68. 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 (NYSE:SAIC - Get Free Report) last released its earnings results 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 net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a $0.37 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.43%. Science Applications International's dividend payout ratio is currently 20.76%.

Insider Activity at Science Applications International

In other news, Director Garth Graham acquired 215 shares of the firm's stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, for a total transaction 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 represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,260 shares of company stock worth $365,037. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on SAIC shares. Truist Financial lowered their target price on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Wells Fargo & Company raised their target price on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group decreased their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their price objective on 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. Finally, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $124.20.

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.