Science Applications International Co. (NYSE:SAIC) Shares Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp boosted its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,737 shares of the information technology services provider's stock after purchasing an additional 6,638 shares during the period. Alaska Permanent Fund Corp owned about 0.06% of Science Applications International worth $3,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International in the fourth quarter worth $25,000. CVA Family Office LLC purchased a new position in Science Applications International during the fourth quarter valued at $26,000. Gradient Investments LLC grew its stake in Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Science Applications International by 92.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider's stock valued at $46,000 after acquiring an additional 208 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Science Applications International during the third quarter valued at $71,000. Institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

SAIC has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating for the company in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, March 19th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Tuesday, March 19th. StockNews.com raised shares of Science Applications International from a "hold" rating to a "buy" rating in a research report on Wednesday, April 17th. Finally, Truist Financial reissued a "hold" rating and set a $130.00 target price on shares of Science Applications International in a research report on Friday, April 12th. One 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.com, the stock presently has an average rating of "Hold" and an average target price of $127.60.

Science Applications International Trading Up 0.3 %

Shares of SAIC traded up $0.39 during mid-day trading on Wednesday, reaching $128.47. The stock had a trading volume of 227,836 shares, compared to its average volume of 297,019. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 14.52 and a beta of 0.70. The business's fifty day moving average is $132.83 and its 200 day moving average is $125.30. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

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

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders 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 annualized dividend and a yield of 1.15%. Science Applications International's dividend payout ratio is currently 16.72%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the company's stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares of the company's stock, valued at approximately $1,087,162.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Toni Townes-Whitley bought 3,000 shares of the company's stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. Insiders own 1.29% of the company's stock.

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.