40,203 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 40,203 shares of the information technology services provider's stock, valued at approximately $4,494,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Science Applications International at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SAIC. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Science Applications International by 4.8% during 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 worth $244,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp grew 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 valued at $71,000 after buying an additional 156 shares in the last quarter. Brookstone Capital Management increased its position in Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock worth $272,000 after buying an additional 160 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after buying an additional 167 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Science Applications International by 15.3% in the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider's stock valued at $205,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Science Applications International Trading Down 6.0 %

Shares of NYSE:SAIC traded down $6.79 during trading on Thursday, reaching $105.98. The stock had a trading volume of 1,630,001 shares, compared to its average volume of 429,669. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm's fifty day moving average is $107.37 and its 200 day moving average is $122.79. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 17.87 and a beta of 0.66.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. As a group, equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on SAIC. Wells Fargo & Company increased their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research report on Tuesday. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Finally, UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $134.00.

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.