15,266 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,266 shares of the information technology services provider's stock, valued at approximately $1,706,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International during the 4th quarter worth $28,000. Kapitalo Investimentos Ltda bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $58,000. Jones Financial Companies Lllp lifted its stake in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after buying an additional 167 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Science Applications International in the fourth quarter valued at approximately $77,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target 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. UBS Group upped their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. Jefferies Financial Group lifted their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $131.20.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the acquisition, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John K. Tien, Jr. purchased 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the purchase, the director now owns 919 shares of the company's stock, valued at $107,063.50. This represents a 30.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,260 shares of company stock valued at $365,037 over the last 90 days. Company insiders own 0.44% of the company's stock.

Science Applications International Stock Up 0.5%

NYSE:SAIC traded up $0.59 during mid-day trading on Tuesday, hitting $123.26. 82,799 shares of the company's stock were exchanged, compared to its average volume of 504,571. The company has a market cap of $5.88 billion, a PE ratio of 20.80 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. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The business has a fifty day moving average price of $115.43 and a 200 day moving average price of $115.20.

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

Science Applications International Dividend Announcement

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