Duality Advisers LP Invests $1.92 Million in Science Applications International Co. (NYSE:SAIC)

Duality Advisers LP purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,404 shares of the information technology services provider's stock, valued at approximately $1,915,000.

A number of other hedge funds also recently bought and sold shares of SAIC. FMR LLC raised its position in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock worth $297,969,000 after acquiring an additional 328,426 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Science Applications International during the 3rd quarter worth about $19,562,000. Qube Research & Technologies Ltd raised its position in shares of Science Applications International by 3,071.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider's stock worth $14,163,000 after acquiring an additional 129,963 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Science Applications International by 12,348.8% during the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider's stock worth $11,422,000 after acquiring an additional 91,134 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Science Applications International during the 3rd quarter worth about $8,911,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Activity at Science Applications International

In other news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares in the company, valued at approximately $1,105,622.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares in the company, valued at approximately $1,105,622.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares of the company's stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Company insiders own 1.29% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SAIC. Wells Fargo & Company raised their price target on Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a "hold" rating to a "buy" rating in a research note on Wednesday, April 17th. The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research note on Thursday, February 29th. Truist Financial restated a "hold" rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their price target on Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $127.60.

Science Applications International Stock Performance

Shares of SAIC stock traded up $2.95 during midday trading on Tuesday, hitting $128.08. The company had a trading volume of 271,385 shares, compared to its average volume of 297,906. The company's 50 day simple moving average is $132.92 and its 200 day simple moving average is $125.28. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 14.47 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter last year, the firm earned $2.04 earnings per share. The firm's quarterly revenue was down 11.7% compared to the same quarter last year. Research analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.16%. Science Applications International's dividend payout ratio (DPR) is presently 16.72%.

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.