Fox Run Management L.L.C. Acquires Shares of 6,794 Science Applications International Co. (NYSE:SAIC)

Fox Run Management L.L.C. bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,794 shares of the information technology services provider's stock, valued at approximately $759,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Victory Capital Management Inc. increased its holdings in shares of Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider's stock valued at $16,609,000 after purchasing an additional 132,976 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Science Applications International during the 4th quarter worth about $10,038,000. Van ECK Associates Corp grew its stake in 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 valued at $36,529,000 after buying an additional 76,204 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Science Applications International in the 4th quarter valued at about $4,494,000. Finally, ING Groep NV acquired a new stake in Science Applications International during the fourth quarter worth approximately $3,912,000. Institutional investors own 76.00% of the company's stock.

Insider Activity at Science Applications International

In related news, Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company's stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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Science Applications International Price Performance

Shares of NYSE SAIC traded up $1.17 during trading hours on Friday, hitting $112.53. 853,814 shares of the stock were exchanged, compared to its average volume of 453,502. The company's fifty day simple moving average is $106.36 and its two-hundred day simple moving average is $121.74. The company has a market cap of $5.37 billion, a PE ratio of 18.98 and a beta of 0.66. 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 1-year low of $94.68 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share 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 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 company's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, sell-side analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, UBS Group increased their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Science Applications International has a consensus rating of "Hold" and an average target price of $134.00.

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.