Arrowstreet Capital Limited Partnership Acquires 65,117 Shares of Science Applications International Co. (NYSE:SAIC)

Arrowstreet Capital Limited Partnership increased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,541 shares of the information technology services provider's stock after purchasing an additional 65,117 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.53% of Science Applications International worth $28,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SAIC. Xponance Inc. grew its position in shares of Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after buying an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock valued at $244,000 after acquiring an additional 100 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock valued at $786,000 after purchasing an additional 142 shares during the period. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 156 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock worth $272,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently issued reports on SAIC. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Truist Financial decreased their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. Wells Fargo & Company lifted their price target on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $134.00.

Science Applications International Stock Down 2.3 %

Shares of NYSE:SAIC traded down $2.62 on Monday, hitting $109.08. 967,659 shares of the company traded hands, compared to its average volume of 472,101. The company has a market cap of $5.21 billion, a PE ratio of 18.39 and a beta of 0.58. The stock has a 50 day simple moving average of $106.18 and a 200-day simple moving average of $120.61. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Insider Transactions at Science Applications International

In other news, 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, with a total value of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. This represents a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John K. Tien, Jr. acquired 215 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $116.50 per share, with a total value of $25,047.50. Following the acquisition, the director now directly owns 919 shares of the company's stock, valued at $107,063.50. This trade represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 2,815 shares of company stock worth $314,652 over the last quarter. 0.67% of the stock is currently owned by insiders.

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.