Claret Asset Management Corp Cuts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Claret Asset Management Corp cut its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,150 shares of the information technology services provider's stock after selling 5,242 shares during the quarter. Claret Asset Management Corp owned 0.09% of Science Applications International worth $5,159,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its position in shares of Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock worth $136,163,000 after purchasing an additional 3,078 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Science Applications International by 3.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 36,475 shares of the information technology services provider's stock worth $4,074,000 after buying an additional 1,053 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Science Applications International by 832.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 34,500 shares of the information technology services provider's stock worth $3,856,000 after acquiring an additional 30,800 shares during the period. Marshall Wace LLP acquired a new position in Science Applications International in the 4th quarter worth $18,694,000. Finally, XTX Topco Ltd increased its holdings in Science Applications International by 14.9% during the 4th 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 in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

Science Applications International stock traded up $2.25 during midday trading on Thursday, reaching $122.08. The company's stock had a trading volume of 223,731 shares, compared to its average volume of 787,421. The business has a 50-day moving average price of $108.84 and a 200-day moving average price of $118.65. The stock has a market cap of $5.83 billion, a PE ratio of 20.59 and a beta of 0.58. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating 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 the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.43 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict 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 paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insiders Place Their Bets

In other Science Applications International news, Director Garth Graham purchased 215 shares of the firm's stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley acquired 2,000 shares of the company's stock in a transaction on Friday, March 28th. The stock was acquired at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now directly 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 disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,260 shares of company stock worth $365,037. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SAIC shares. Truist Financial reduced their price objective 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. UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. One equities 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 stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and an average target price of $131.33.

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.