Science Applications International Co. (NYSE:SAIC) Position Boosted by Systematic Financial Management LP

Systematic Financial Management LP boosted its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232,342 shares of the information technology services provider's stock after buying an additional 2,337 shares during the quarter. Systematic Financial Management LP owned approximately 0.48% of Science Applications International worth $25,971,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SAIC. Xponance Inc. increased its position in Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after purchasing an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Science Applications International by 4.8% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock worth $244,000 after buying an additional 100 shares in the last quarter. Mariner LLC raised its position in shares of Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after buying an additional 106 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after buying an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $71,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon purchased 230 shares of the firm's stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now directly owns 4,032 shares in the company, valued at $443,237.76. The trade was a 6.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Milford W. Mcguirt acquired 500 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This trade represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,260 shares of company stock valued at $365,037. Company insiders own 0.44% of the company's stock.

Science Applications International Trading Up 0.4%

Shares of Science Applications International stock traded up $0.47 during trading hours on Tuesday, reaching $123.14. The stock had a trading volume of 335,650 shares, compared to its average volume of 506,872. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.77 and a beta of 0.55. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50 day simple moving average of $115.43 and a two-hundred day simple moving average of $115.20.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share 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 given a dividend of $0.37 per share. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Analysts Set New Price Targets

Several research analysts have weighed in on SAIC shares. Truist Financial cut their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a report on Tuesday, March 18th. Jefferies Financial Group lifted their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. UBS Group increased their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $131.20.

Science Applications International Company 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.