Aristides Capital LLC Boosts Position in Science Applications International Co. (NYSE:SAIC)

Aristides Capital LLC lifted its position in Science Applications International Co. (NYSE:SAIC) by 29.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,238 shares of the information technology services provider’s stock after purchasing an additional 510 shares during the period. Aristides Capital LLC’s holdings in Science Applications International were worth $250,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after purchasing an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Science Applications International during the fourth quarter valued at $312,000. Pure Financial Advisors LLC increased its stake in Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after acquiring an additional 2,946 shares during the last quarter. XTX Topco Ltd lifted its position in Science Applications International by 219.5% during the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock valued at $1,482,000 after purchasing an additional 7,310 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Down 2.2 %

Shares of NYSE:SAIC opened at $111.70 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market capitalization of $5.33 billion, a P/E ratio of 18.84 and a beta of 0.58. The stock has a 50 day moving average price of $106.21 and a 200-day moving average price of $120.79.

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 analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is currently 20.58%.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought 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 in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Tien, Jr. acquired 215 shares of Science Applications International stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the purchase, the director now owns 919 shares in the company, valued at $107,063.50. This represents a 30.54 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,815 shares of company stock worth $314,652. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several recent research reports. UBS Group boosted their price objective 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. Wells Fargo & Company increased their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, Truist Financial cut their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $134.00.

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.