Marshall Wace LLP Purchases New Holdings in Science Applications International Co. (NYSE:SAIC)

Marshall Wace LLP bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 167,240 shares of the information technology services provider's stock, valued at approximately $18,694,000. Marshall Wace LLP owned 0.34% of Science Applications International at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the 4th quarter worth $28,000. Jones Financial Companies Lllp lifted 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 purchasing an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after acquiring an additional 167 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Science Applications International in the fourth quarter valued at $77,000. Finally, Tidal Investments LLC acquired a new position in shares of Science Applications International in the 3rd quarter valued at $200,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Science Applications International

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the business's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. The trade was a 4.63 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 3,260 shares of company stock valued at $365,037. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of analyst reports. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. 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 report on Tuesday, April 15th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $131.33.

Science Applications International Stock Down 0.9 %

SAIC stock traded down $1.07 during mid-day trading on Friday, reaching $121.09. 152,743 shares of the company traded hands, compared to its average volume of 782,052. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm's 50 day moving average price is $109.26 and its 200 day moving average price is $118.50. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 20.44 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its 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 business had revenue of $1.84 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. As a group, equities research analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared 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 1.22%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

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.