6,944 Shares in Science Applications International Co. (NYSE:SAIC) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in shares of Science Applications International Co. (NYSE:SAICFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,944 shares of the information technology services provider’s stock, valued at approximately $884,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Science Applications International by 5.0% in the 4th quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after buying an additional 194,160 shares during the last quarter. FMR LLC boosted its position in Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after buying an additional 328,426 shares during the last quarter. First Trust Advisors LP boosted its position in Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after buying an additional 233,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Science Applications International by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,023,463 shares of the information technology services provider’s stock valued at $127,238,000 after buying an additional 21,346 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Science Applications International by 11.7% in the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock valued at $65,030,000 after buying an additional 64,406 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SAIC shares. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Truist Financial cut their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, June 4th. Wells Fargo & Company upped their target price on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group cut their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $126.60.

View Our Latest Report on Science Applications International

Insiders Place Their Bets

In related news, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Prabu Natarajan acquired 2,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 5,795 shares of company stock worth $707,782. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

SAIC traded down $0.45 on Tuesday, hitting $114.62. 18,303 shares of the company’s stock were exchanged, compared to its average volume of 291,102. The firm has a market cap of $5.87 billion, a PE ratio of 13.47 and a beta of 0.73. Science Applications International Co. has a twelve month low of $104.26 and a twelve month high of $145.17. The stock has a fifty day moving average of $128.04 and a two-hundred day moving average of $129.77. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAICGet Free Report) last posted its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, hitting the consensus estimate of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. Science Applications International’s quarterly revenue was down 8.8% on a year-over-year basis. On average, research analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, July 12th. Science Applications International’s dividend payout ratio (DPR) is 17.33%.

Science Applications International Profile

(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.

See Also

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

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