44,660 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,660 shares of the information technology services provider's stock, valued at approximately $4,992,000. Voloridge Investment Management LLC owned 0.09% of Science Applications International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vident Advisory LLC lifted its position in Science Applications International by 13.5% during the fourth quarter. Vident Advisory LLC now owns 33,188 shares of the information technology services provider's stock valued at $3,710,000 after purchasing an additional 3,935 shares during the period. Sovereign s Capital Management LLC acquired a new position in Science Applications International during the fourth quarter valued at $428,000. Squarepoint Ops LLC lifted its position in Science Applications International by 288.2% during the fourth quarter. Squarepoint Ops LLC now owns 119,163 shares of the information technology services provider's stock valued at $13,320,000 after purchasing an additional 88,464 shares during the period. Twinbeech Capital LP acquired a new position in Science Applications International during the fourth quarter valued at $259,000. Finally, Two Sigma Advisers LP lifted its position in Science Applications International by 78.2% during the fourth quarter. Two Sigma Advisers LP now owns 47,610 shares of the information technology services provider's stock valued at $5,322,000 after purchasing an additional 20,900 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John K. Tien, Jr. bought 215 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the acquisition, the director now owns 919 shares of the company's stock, valued at approximately $107,063.50. This trade represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the firm's stock in a transaction on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, for a total transaction 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 $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. Insiders bought a total of 3,260 shares of company stock valued at $365,037 in the last 90 days. Company insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

SAIC has been the subject of a number of analyst reports. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. 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. UBS Group upped their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Truist Financial decreased their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and a consensus price target of $131.20.

Science Applications International Price Performance

NYSE SAIC traded down $0.03 during trading hours on Thursday, hitting $115.31. 780,532 shares of the company's stock traded hands, compared to its average volume of 515,424. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a market capitalization of $5.50 billion, a PE ratio of 19.45 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm's 50-day moving average is $117.01 and its 200-day moving average is $114.25.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Science Applications International's revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.28%. Science Applications International's dividend payout ratio is presently 20.58%.

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.