Canada Pension Plan Investment Board Purchases 30,800 Shares of Science Applications International Co. (NYSE:SAIC)

Canada Pension Plan Investment Board grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 832.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,500 shares of the information technology services provider's stock after acquiring an additional 30,800 shares during the quarter. Canada Pension Plan Investment Board owned 0.07% of Science Applications International worth $3,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Marshall Wace LLP acquired a new stake in Science Applications International during the fourth quarter worth approximately $18,694,000. XTX Topco Ltd increased its position in shares of Science Applications International by 14.9% in the fourth quarter. XTX Topco Ltd now owns 12,222 shares of the information technology services provider's stock worth $1,366,000 after purchasing an additional 1,581 shares during the period. Mariner LLC raised its stake in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after purchasing an additional 106 shares in the last quarter. Barclays PLC lifted its position in Science Applications International by 37.4% during the fourth quarter. Barclays PLC now owns 63,672 shares of the information technology services provider's stock worth $7,117,000 after purchasing an additional 17,336 shares during the period. Finally, Bragg Financial Advisors Inc lifted its position in Science Applications International by 97.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 209,541 shares of the information technology services provider's stock worth $23,422,000 after purchasing an additional 103,191 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. lowered their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, UBS Group raised 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 note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $131.33.

Science Applications International Stock Up 1.9 %

Shares of NYSE SAIC opened at $118.72 on Wednesday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $5.67 billion, a PE ratio of 20.02 and a beta of 0.58. The company has a 50 day simple moving average of $108.46 and a 200 day simple moving average of $118.64.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently announced 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. This represents a $1.48 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is presently 20.58%.

Insider Buying and Selling at Science Applications International

In other news, Director Garth Graham acquired 215 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This represents a 3.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Milford W. Mcguirt bought 500 shares of the stock in a transaction that occurred on 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 purchase, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,260 shares of company stock valued at $365,037. 0.67% of the stock is currently owned by company 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.

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