48,030 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 48,030 shares of the information technology services provider's stock, valued at approximately $5,369,000. Jacobs Levy Equity Management Inc. owned approximately 0.10% of Science Applications International at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Science Applications International in the 4th quarter valued at approximately $63,572,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock valued at $244,412,000 after buying an additional 464,989 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Science Applications International in the 4th quarter valued at approximately $34,909,000. AQR Capital Management LLC grew its stake in shares of Science Applications International by 68.4% in the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock valued at $49,413,000 after buying an additional 179,963 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Science Applications International in the 4th quarter valued at approximately $18,694,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of SAIC stock traded up $0.59 during trading hours on Tuesday, reaching $123.26. 82,799 shares of the company's stock were exchanged, compared to its average volume of 504,571. 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 $5.88 billion, a P/E ratio of 20.80 and a beta of 0.55. The business has a fifty day moving average price of $115.43 and a 200-day moving average price of $115.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SAIC shares. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their target price on 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 decreased their target price on 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. JPMorgan Chase & Co. decreased their target price on 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, UBS Group upped their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $131.20.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon acquired 230 shares of the business's stock in a transaction 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 acquisition, the director now owns 4,032 shares in the company, valued at $443,237.76. The trade was a 6.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Milford W. Mcguirt acquired 500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This trade represents a 7.89% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 3,260 shares of company stock valued at $365,037 over the last ninety days. 0.44% of the stock is owned by company insiders.

Science Applications International Company 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.