Horizon Kinetics Asset Management LLC Buys 3,730 Shares of Science Applications International Co. (NYSE:SAIC)

Horizon Kinetics Asset Management LLC increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,695 shares of the information technology services provider's stock after buying an additional 3,730 shares during the period. Science Applications International accounts for approximately 0.6% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 19th biggest holding. Horizon Kinetics Asset Management LLC owned about 0.83% of Science Applications International worth $45,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. State Street Corp increased its stake in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock valued at $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Science Applications International by 6.4% in the 4th 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. Charles Schwab Investment Management Inc. lifted its position in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after acquiring an additional 6,780 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Science Applications International by 30.4% during 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 purchasing an additional 76,204 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

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Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on 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 transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a 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 Stock Performance

SAIC traded down $0.08 during midday trading on Friday, reaching $105.90. The company had a trading volume of 1,180,355 shares, compared to its average volume of 432,059. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business has a 50-day moving average price of $107.21 and a two-hundred day moving average price of $122.67. The stock has a market cap of $5.18 billion, a PE ratio of 17.86 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 (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. Science Applications International's revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company upped 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 note on Tuesday. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Science Applications International presently has an average rating of "Hold" and an average price target of $134.00.

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.