Los Angeles Capital Management LLC Buys New Position in Science Applications International Co. (NYSE:SAIC)

Los Angeles Capital Management LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,016 shares of the information technology services provider's stock, valued at approximately $7,586,000. Los Angeles Capital Management LLC owned 0.12% of Science Applications International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SAIC. Treasurer of the State of North Carolina boosted its position in shares of Science Applications International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider's stock worth $2,573,000 after purchasing an additional 123 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Science Applications International by 17.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider's stock worth $114,000 after acquiring an additional 161 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Science Applications International by 1.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider's stock valued at $1,101,000 after acquiring an additional 163 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Science Applications International by 4.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider's stock valued at $419,000 after purchasing an additional 171 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Science Applications International in the 4th quarter valued at approximately $25,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Shares of SAIC traded up $1.71 during mid-day trading on Friday, reaching $131.55. The company had a trading volume of 199,737 shares, compared to its average volume of 253,253. The stock has a 50 day moving average of $131.92 and a two-hundred day moving average of $126.20. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.74 billion, a P/E ratio of 14.86 and a beta of 0.70. 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 posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. Science Applications International's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. On average, analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International's dividend payout ratio is presently 16.72%.

Insider Buying and Selling at Science Applications International

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAIC. JPMorgan Chase & Co. cut their price target on shares of 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. The Goldman Sachs Group lowered their price target on Science Applications International from $113.00 to $110.00 and set a "sell" rating for the company in a research report on Thursday, February 29th. Truist Financial reissued a "hold" rating and issued a $130.00 price objective on shares of Science Applications International in a report on Friday, April 12th. Wells Fargo & Company lifted their target price on Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Science Applications International from a "hold" rating to a "buy" rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and an average target price of $127.60.

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.