Blueshift Asset Management LLC Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Blueshift Asset Management LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,991 shares of the information technology services provider’s stock, valued at approximately $223,000.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Science Applications International by 851.8% during the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock worth $16,609,000 after purchasing an additional 132,976 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Science Applications International during the fourth quarter worth $10,038,000. Van ECK Associates Corp increased its position in shares of Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after purchasing an additional 76,204 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Science Applications International during the fourth quarter worth $4,494,000. Finally, ING Groep NV acquired a new position in shares of Science Applications International during the fourth quarter worth $3,912,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

NYSE:SAIC opened at $105.90 on Friday. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 17.86 and a beta of 0.66. The firm’s fifty day moving average is $107.01 and its two-hundred day moving average is $122.46.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating 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 analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Research analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is currently 20.58%.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAIC. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group upped their target price on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.00.

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.