Quantbot Technologies LP Invests $3.67 Million in Science Applications International Co. (NYSE:SAIC)

Quantbot Technologies LP bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,844 shares of the information technology services provider's stock, valued at approximately $3,671,000. Quantbot Technologies LP owned approximately 0.07% of Science Applications International as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blueshift Asset Management LLC acquired a new position in shares of Science Applications International during the fourth quarter valued at approximately $223,000. Teacher Retirement System of Texas boosted its stake in Science Applications International by 75.3% during the 4th quarter. Teacher Retirement System of Texas now owns 45,795 shares of the information technology services provider's stock valued at $5,119,000 after purchasing an additional 19,668 shares in the last quarter. Xponance Inc. grew its holdings in Science Applications International by 1.5% during the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after acquiring an additional 99 shares during the period. Horizon Kinetics Asset Management LLC grew its stake in shares of Science Applications International by 0.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider's stock worth $45,460,000 after purchasing an additional 3,730 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Science Applications International by 92.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,959 shares of the information technology services provider's stock worth $331,000 after buying an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

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Insider Activity at Science Applications International

In related 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 value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, March 18th. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. 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. The Goldman Sachs Group reduced 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 report on Thursday, December 12th. Finally, Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $134.00.

Science Applications International Stock Up 1.0 %

Shares of NYSE:SAIC traded up $1.13 during midday trading on Wednesday, hitting $109.60. 766,397 shares of the stock were exchanged, compared to its average volume of 437,273. 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 Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The business's fifty day simple moving average is $106.66 and its two-hundred day simple moving average is $122.06. The company has a market capitalization of $5.23 billion, a PE ratio of 18.48 and a beta of 0.66.

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

Science Applications International Announces Dividend

The business 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 dividend yield of 1.35%. The ex-dividend date is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

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.