312,304 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. acquired a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 312,304 shares of the information technology services provider's stock, valued at approximately $34,909,000. Adage Capital Partners GP L.L.C. owned about 0.64% of Science Applications International as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Science Applications International in the fourth quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. increased its position in Science Applications International by 27.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after purchasing an additional 464,989 shares in the last quarter. Marshall Wace LLP bought a new position in Science Applications International in the 4th quarter valued at approximately $18,694,000. Victory Capital Management Inc. boosted its position in Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider's stock valued at $16,609,000 after buying an additional 132,976 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its stake in shares of Science Applications International by 97.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 209,541 shares of the information technology services provider's stock valued at $23,422,000 after buying an additional 103,191 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial lowered their price target on shares of 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. Wells Fargo & Company reduced their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, UBS Group lifted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. One investment 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. According to MarketBeat.com, Science Applications International has a consensus rating of "Hold" and an average target price of $131.33.

Insider Activity at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley purchased 2,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Garth Graham purchased 215 shares of the firm's stock in a transaction on Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the acquisition, the director now owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,260 shares of company stock worth $365,037. Corporate insiders own 0.67% of the company's stock.

Science Applications International Stock Down 0.3 %

Science Applications International stock traded down $0.42 during mid-day trading on Monday, reaching $120.88. The stock had a trading volume of 344,283 shares, compared to its average volume of 491,223. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.38 and a beta of 0.58. 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 one year low of $94.68 and a one year high of $156.34. The company has a 50-day moving average price of $109.62 and a two-hundred day moving average price of $118.01.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. On average, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.22%. Science Applications International's dividend payout ratio is currently 20.58%.

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.