Oak Thistle LLC Acquires Shares of 8,161 Science Applications International Co. (NYSE:SAIC)

Oak Thistle LLC bought a new position in Science Applications International Co. (NYSE:SAICFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,161 shares of the information technology services provider’s stock, valued at approximately $1,015,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Science Applications International by 9.4% in the 1st quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after buying an additional 491,167 shares in the last quarter. Vanguard Group Inc. increased its stake in Science Applications International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,210,623 shares of the information technology services provider’s stock worth $460,775,000 after buying an additional 68,359 shares in the last quarter. BlackRock Inc. lifted its position in shares of Science Applications International by 2.0% in the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock valued at $450,486,000 after acquiring an additional 94,874 shares in the last quarter. FMR LLC boosted its stake in shares of Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares during the period. Finally, State Street Corp grew its position in shares of Science Applications International by 1.6% during the first quarter. State Street Corp now owns 1,625,602 shares of the information technology services provider’s stock worth $174,687,000 after purchasing an additional 25,192 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 1.3 %

Shares of SAIC traded down $1.65 during mid-day trading on Tuesday, hitting $128.66. The company’s stock had a trading volume of 91,777 shares, compared to its average volume of 307,154. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 14.72 and a beta of 0.70. The company’s 50-day moving average is $133.89 and its 200-day moving average is $123.06. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAICGet Free Report) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The company 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%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business posted $2.04 EPS. On average, equities research analysts forecast that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.15%. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Insider Activity

In related news, Director Donna S. Morea sold 1,209 shares of Science Applications International stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $125.11, for a total transaction of $151,257.99. Following the completion of the sale, the director now owns 31,834 shares of the company’s stock, valued at $3,982,751.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Science Applications International news, EVP Michelle A. O’hara sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $127.45, for a total value of $509,800.00. Following the sale, the executive vice president now owns 26,238 shares in the company, valued at approximately $3,344,033.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Donna S. Morea sold 1,209 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $125.11, for a total transaction of $151,257.99. Following the transaction, the director now directly owns 31,834 shares in the company, valued at $3,982,751.74. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIC. JPMorgan Chase & Co. lowered their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of 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, Truist Financial lifted their price target on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $127.50.

View Our Latest Stock Analysis on SAIC

About Science Applications International

(Free Report)

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.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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