Science Applications International Co. (NYSE:SAIC) Stake Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Science Applications International Co. (NYSE:SAIC) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,447 shares of the information technology services provider’s stock after purchasing an additional 1,891 shares during the period. Quantinno Capital Management LP owned 0.08% of Science Applications International worth $4,298,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $28,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Science Applications International during the fourth quarter worth $58,000. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $75,000 after purchasing an additional 167 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Science Applications International in the 4th quarter valued at $77,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. acquired 215 shares of Science Applications International stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $116.50 per share, with a total value of $25,047.50. Following the acquisition, the director now owns 919 shares of the company’s stock, valued at approximately $107,063.50. The trade was a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carolyn B. Handlon bought 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. This trade represents a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by corporate insiders.

Science Applications International Price Performance

NYSE:SAIC opened at $123.41 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a fifty day moving average price of $115.07 and a 200 day moving average price of $115.35. The stock has a market cap of $5.89 billion, a P/E ratio of 20.81 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.37 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio is currently 20.58%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Truist Financial cut their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company decreased their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group increased their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average target price of $131.20.

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.