AQR Capital Management LLC Has $36.89 Million Holdings in Science Applications International Co. (NYSE:SAIC)

AQR Capital Management LLC grew its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,802 shares of the information technology services provider's stock after purchasing an additional 27,664 shares during the period. AQR Capital Management LLC owned 0.61% of Science Applications International worth $36,887,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider's stock worth $504,995,000 after buying an additional 194,160 shares during the period. First Trust Advisors LP boosted its stake in Science Applications International by 14.8% during the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider's stock valued at $225,082,000 after purchasing an additional 233,075 shares during the period. Dimensional Fund Advisors LP grew its position in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after purchasing an additional 56,414 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock valued at $65,511,000 after purchasing an additional 25,807 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock valued at $44,524,000 after buying an additional 28,304 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Insider Activity

In other Science Applications International news, EVP Michelle A. O'hara purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company's stock, valued at $3,952,646. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michelle A. O'hara bought 1,000 shares of the stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares of the company's stock, valued at approximately $3,952,646. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP James Joshua Jackson acquired 400 shares of the business's stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the transaction, the executive vice president now owns 13,677 shares of the company's stock, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders have bought 1,500 shares of company stock worth $175,412 over the last 90 days. 0.67% of the stock is owned by company insiders.

Science Applications International Price Performance

NYSE:SAIC traded up $1.13 during trading hours on Friday, reaching $137.75. 234,781 shares of the company's stock were exchanged, compared to its average volume of 300,633. The company has a market capitalization of $6.82 billion, a P/E ratio of 16.13 and a beta of 0.70. Science Applications International Co. has a 12 month low of $104.46 and a 12 month high of $145.17. The business's 50-day simple moving average is $128.51 and its two-hundred day simple moving average is $126.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the previous year, the firm posted $2.05 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Science Applications International Co. will post 8.17 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is currently 17.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SAIC shares. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their price target on Science Applications International from $132.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a "hold" rating to a "buy" rating in a report on Friday, September 6th. TD Cowen boosted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Finally, Citigroup increased their price objective on shares of Science Applications International from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $139.75.

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.