Science Applications International Co. (NYSE:SAIC) Stock Holdings Boosted by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,624 shares of the information technology services provider's stock after acquiring an additional 11,072 shares during the quarter. Van ECK Associates Corp owned about 0.05% of Science Applications International worth $3,434,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Science Applications International during the fourth quarter valued at $25,000. CVA Family Office LLC bought a new position in shares of Science Applications International in the 4th quarter valued at about $26,000. Gradient Investments LLC grew its position in Science Applications International by 1,104.8% in the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased 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 worth $46,000 after acquiring an additional 208 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in Science Applications International during the fourth quarter valued at approximately $66,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the transaction, the executive vice president now directly owns 8,772 shares of the company's stock, valued at $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Toni Townes-Whitley purchased 3,000 shares of the firm's stock in a transaction on Friday, April 12th. The stock was acquired at an average price 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 in the company, valued at approximately $5,894,298.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Vincent P. Difronzo acquired 795 shares of the stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares of the company's stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Science Applications International Trading Up 0.6 %

Shares of Science Applications International stock traded up $0.85 on Tuesday, hitting $134.67. 328,902 shares of the company traded hands, compared to its average volume of 291,690. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.90 billion, a PE ratio of 15.12 and a beta of 0.70. The stock's 50 day moving average price is $131.81 and its 200-day moving average price is $126.35. 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 released its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. Equities research analysts predict that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors 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 1.10%. The ex-dividend date was Thursday, April 11th. Science Applications International's payout ratio is currently 16.72%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAIC shares. Wells Fargo & Company increased their price target on Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Tuesday, March 19th. 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 report on Tuesday, March 19th. Truist Financial reissued a "hold" rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. The Goldman Sachs Group reduced their price target on Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a report on Thursday, February 29th. Finally, StockNews.com upgraded Science Applications International from a "hold" rating to a "buy" rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.