Headlands Technologies LLC Takes $874,000 Position in Science Applications International Co. (NYSE:SAIC)

Headlands Technologies LLC bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,818 shares of the information technology services provider's stock, valued at approximately $874,000.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after buying an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Science Applications International during the 4th quarter valued at $312,000. Pure Financial Advisors LLC raised its position 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 purchasing an additional 2,946 shares during the period. XTX Topco Ltd lifted its stake in Science Applications International by 219.5% in the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider's stock worth $1,482,000 after purchasing an additional 7,310 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock valued at $137,227,000 after buying an additional 18,102 shares during the period. 76.00% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company's stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Milford W. Mcguirt purchased 500 shares of the stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 2,815 shares of company stock worth $314,652. Insiders own 0.67% of the company's stock.

Science Applications International Stock Down 3.7 %

Shares of NYSE SAIC traded down $4.12 on Monday, reaching $107.58. 229,382 shares of the company's stock traded hands, compared to its average volume of 469,230. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business's 50 day simple moving average is $106.21 and its two-hundred day simple moving average is $120.79. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 18.07 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, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. As a group, equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.38%. Science Applications International's payout ratio is currently 20.58%.

Analyst Ratings Changes

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