12,650 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,650 shares of the information technology services provider's stock, valued at approximately $1,414,000.

A number of other large investors have also bought and sold shares of SAIC. Cornerstone Planning Group LLC bought a new position in Science Applications International in the 4th quarter worth about $28,000. Quarry LP purchased a new stake in Science Applications International during the third quarter valued at about $71,000. Jones Financial Companies Lllp lifted its position in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Science Applications International by 33.1% in the 4th 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 in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Science Applications International during the third quarter valued at about $200,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. bought 215 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the purchase, the director now owns 919 shares in the company, valued at approximately $107,063.50. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 2,815 shares of company stock worth $314,652. 0.67% of the stock is owned by insiders.

Remove Ads

Science Applications International Trading Down 1.2 %

SAIC stock traded down $1.44 during trading on Thursday, reaching $114.26. The company had a trading volume of 736,905 shares, compared to its average volume of 464,325. 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 52 week low of $94.68 and a 52 week high of $156.34. The business has a 50 day moving average of $106.15 and a 200 day moving average of $121.15. The company has a market cap of $5.45 billion, a P/E ratio of 19.27 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating 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 company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the business posted $1.43 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SAIC shares. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. UBS Group increased their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $134.00.

Science Applications International Company 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.