Huber Capital Management LLC Acquires 23,520 Shares of Science Applications International Co. (NYSE:SAIC)

Huber Capital Management LLC lifted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,362 shares of the information technology services provider's stock after acquiring an additional 23,520 shares during the quarter. Science Applications International makes up approximately 1.7% of Huber Capital Management LLC's holdings, making the stock its 22nd largest holding. Huber Capital Management LLC owned about 0.16% of Science Applications International worth $8,536,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in Science Applications International during the fourth quarter worth about $63,572,000. Victory Capital Management Inc. boosted its stake in Science Applications International by 851.8% during the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider's stock worth $16,609,000 after acquiring an additional 132,976 shares during the last quarter. Prudential Financial Inc. grew its holdings in Science Applications International by 285.5% during the fourth quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider's stock valued at $17,012,000 after purchasing an additional 102,933 shares during the period. Raymond James Financial Inc. bought a new stake in Science Applications International in the fourth quarter valued at approximately $10,038,000. Finally, Van ECK Associates Corp raised its holdings in Science Applications International by 30.4% in the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock worth $36,529,000 after purchasing an additional 76,204 shares during the period. 76.00% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Science Applications International

In other Science Applications International news, 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 transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John K. Tien, Jr. purchased 215 shares of Science Applications International stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the purchase, the director now owns 919 shares in the company, valued at $107,063.50. This represents a 30.54 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 2,815 shares of company stock valued at $314,652 in the last quarter. Company insiders own 0.67% of the company's stock.

Science Applications International Stock Performance

Shares of SAIC traded up $0.90 during midday trading on Tuesday, reaching $109.98. The stock had a trading volume of 217,892 shares, compared to its average volume of 470,808. The firm has a 50 day simple moving average of $106.18 and a 200-day simple moving average of $120.61. The firm has a market cap of $5.25 billion, a PE ratio of 18.60 and a beta of 0.58. 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 Co. has a one year low of $94.68 and a one 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 EPS for the quarter, topping 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SAIC shares. Wells Fargo & Company raised their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Truist Financial reduced their price target 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. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Finally, TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.