Gotham Asset Management LLC Grows Holdings in Science Applications International Co. (NYSE:SAIC)

Gotham Asset Management LLC boosted its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,331 shares of the information technology services provider's stock after acquiring an additional 3,181 shares during the quarter. Gotham Asset Management LLC owned 0.18% of Science Applications International worth $9,650,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth approximately $28,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the 4th quarter valued at $58,000. Jones Financial Companies Lllp increased its holdings in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after acquiring an additional 156 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after acquiring an additional 167 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Science Applications International in the 4th quarter valued at $77,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. 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 report on Tuesday, April 15th. UBS Group lifted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company dropped their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $131.20.

Insider Activity

In other Science Applications International news, Director Garth Graham bought 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now owns 7,159 shares in the company, valued at $835,813.25. This trade represents a 3.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This represents a 7.89% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 in the last 90 days. 0.44% of the stock is currently owned by insiders.

Science Applications International Price Performance

Shares of Science Applications International stock traded up $1.49 on Friday, hitting $123.41. The company's stock had a trading volume of 556,528 shares, compared to its average volume of 506,364. The company has a market capitalization of $5.89 billion, a P/E ratio of 20.81 and a beta of 0.55. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average price of $115.07 and a 200-day moving average price of $115.35. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. On average, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

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.