Science Applications International Co. (NYSE:SAIC) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,218,137 shares of the information technology services provider's stock after purchasing an additional 3,078 shares during the quarter. First Trust Advisors LP owned approximately 2.49% of Science Applications International worth $136,163,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in shares of Science Applications International during the third quarter valued at $200,000. Oddo BHF Asset Management Sas purchased a new position in Science Applications International during the 3rd quarter valued at about $1,713,000. Brookstone Capital Management raised its holdings 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 valued at $272,000 after purchasing an additional 160 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $244,000. Finally, HB Wealth Management LLC boosted its stake in shares of Science Applications International by 4.0% during the fourth quarter. HB Wealth Management LLC now owns 17,509 shares of the information technology services provider's stock valued at $1,957,000 after purchasing an additional 679 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Science Applications International Stock Performance

NYSE SAIC traded down $0.91 during mid-day trading on Friday, reaching $121.25. 166,657 shares of the stock were exchanged, compared to its average volume of 488,712. 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 quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $5.79 billion, a P/E ratio of 20.45 and a beta of 0.58. The business's 50 day moving average is $109.26 and its 200-day moving average is $118.50.

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 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 company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal 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 paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.22%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Science Applications International

In other Science Applications International news, Director John K. Tien, Jr. acquired 215 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the acquisition, the director now owns 919 shares of the company's stock, valued at approximately $107,063.50. The trade was a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 3,260 shares of company stock valued at $365,037. Corporate insiders own 0.67% of the company's stock.

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.