Oxford Asset Management LLP Takes $271,000 Position in Science Applications International Co. (NYSE:SAIC)

Oxford Asset Management LLP bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,421 shares of the information technology services provider's stock, valued at approximately $271,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth $28,000. Jones Financial Companies Lllp lifted its position in shares of Science Applications International by 32.3% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $75,000 after purchasing an additional 167 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Science Applications International during the fourth quarter worth about $77,000. Finally, Tidal Investments LLC purchased a new stake in shares of Science Applications International during the third quarter worth approximately $200,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Activity at Science Applications International

In related news, Director Milford W. Mcguirt purchased 500 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Garth Graham purchased 215 shares of the company's stock in a transaction dated Monday, April 14th. The shares were bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares in the company, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 3,260 shares of company stock valued at $365,037. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Truist Financial cut their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, UBS Group upped their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus price target of $131.33.

Science Applications International Trading Down 1.3 %

NYSE:SAIC traded down $1.62 during trading hours on Thursday, reaching $119.41. 539,494 shares of the company were exchanged, compared to its average volume of 493,357. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 20.14 and a beta of 0.58. The stock has a 50 day simple moving average of $110.81 and a 200 day simple moving average of $117.89. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its 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 during 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 company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. As a group, analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

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.