Capital Fund Management S.A. Purchases New Shares in Science Applications International Co. (NYSE:SAIC)

Capital Fund Management S.A. purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,297 shares of the information technology services provider's stock, valued at approximately $1,375,000.

Several other hedge funds have also recently bought and sold shares of the business. 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 worth $137,227,000 after purchasing an additional 18,102 shares during the period. Norges Bank bought a new stake in Science Applications International during the 4th quarter valued at approximately $63,572,000. Bank of New York Mellon Corp grew its stake in shares of Science Applications International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock worth $58,497,000 after acquiring an additional 31,374 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in shares of Science Applications International by 0.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider's stock worth $45,460,000 after purchasing an additional 3,730 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock worth $36,529,000 after acquiring an additional 76,204 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Science Applications International

In other news, Director Carolyn B. Handlon bought 230 shares of the business's stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. The trade was a 6.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 3,260 shares of company stock worth $365,037 in the last ninety days. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and cut their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $131.33.

Science Applications International Trading Up 0.3 %

NYSE:SAIC traded up $0.36 on Friday, hitting $116.71. 379,888 shares of the stock were exchanged, compared to its average volume of 487,129. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 19.68 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current 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 company's 50-day moving average price is $107.61 and its 200 day moving average price is $119.36.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating 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 net margin of 4.11% and a return on equity of 24.18%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. On average, equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid 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 dividend yield of 1.27%. Science Applications International's dividend payout ratio (DPR) is presently 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.