Vista Investment Partners LLC Makes New Investment 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) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,388 shares of the information technology services provider's stock, valued at approximately $380,000.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its position in 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 buying an additional 88 shares in the last quarter. Xponance Inc. increased its holdings in shares of Science Applications International by 1.5% during the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after acquiring an additional 99 shares in the last quarter. Mariner LLC increased its holdings in shares of Science Applications International by 2.8% during the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after acquiring an additional 106 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock worth $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.4%

Shares of SAIC opened at $105.00 on Tuesday. The company's fifty day moving average is $115.49 and its 200 day moving average is $111.91. 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 stock has a market capitalization of $4.92 billion, a PE ratio of 17.71 and a beta of 0.50.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 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 previous year, the firm posted $1.92 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share 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 paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio is presently 20.76%.

Analyst Ratings Changes

SAIC has been the topic of a number of research analyst reports. UBS Group lowered their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their price target on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Barclays decreased their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $124.20.

Insiders Place Their Bets

In other news, Director John K. Tien, Jr. bought 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the transaction, the director now directly owns 919 shares of the company's stock, valued at approximately $107,063.50. The trade was a 30.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Milford W. Mcguirt purchased 500 shares of the business's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. The trade was a 7.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 3,260 shares of company stock worth $365,037. 0.44% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.