Martingale Asset Management L P Has $3.76 Million Position in Science Applications International Co. (NYSE:SAIC)

Martingale Asset Management L P trimmed its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,608 shares of the information technology services provider's stock after selling 16,873 shares during the period. Martingale Asset Management L P owned about 0.07% of Science Applications International worth $3,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. raised its holdings in Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock valued at $768,000 after acquiring an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Science Applications International by 4.8% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider's stock worth $244,000 after purchasing an additional 100 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Science Applications International by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock worth $786,000 after buying an additional 142 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after purchasing an additional 156 shares in the last quarter. Finally, Brookstone Capital Management increased its position in 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 acquiring an additional 160 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

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Science Applications International Stock Performance

Shares of Science Applications International stock traded down $0.47 during trading on Tuesday, hitting $117.08. 117,671 shares of the stock were exchanged, compared to its average volume of 484,334. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 19.74 and a beta of 0.58. The company has a fifty day moving average price of $106.95 and a 200-day moving average price of $119.55.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share. As a group, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business 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. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.26%. Science Applications International's dividend payout ratio (DPR) is currently 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Garth Graham bought 215 shares of the stock in a transaction dated Monday, April 14th. The shares were bought at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the acquisition, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Toni Townes-Whitley purchased 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,260 shares of company stock valued at $365,037 in the last three months. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and decreased their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $131.33.

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.