Russell Investments Group Ltd. Buys 6,752 Shares of Science Applications International Co. (NYSE:SAIC)

Russell Investments Group Ltd. grew its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 74.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,830 shares of the information technology services provider's stock after purchasing an additional 6,752 shares during the period. Russell Investments Group Ltd.'s holdings in Science Applications International were worth $1,769,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Empowered Funds LLC raised its position in Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Science Applications International during the fourth quarter worth about $312,000. Pure Financial Advisors LLC increased its stake in shares of Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock worth $2,062,000 after acquiring an additional 2,946 shares during the period. Truist Financial Corp increased its stake in shares of Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock worth $430,000 after acquiring an additional 233 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in Science Applications International during the third quarter worth about $1,713,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Science Applications International

In related news, Director Carolyn B. Handlon purchased 230 shares of the stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the transaction, the director now directly owns 4,032 shares of the company's stock, valued at approximately $443,237.76. The trade was a 6.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Garth Graham purchased 215 shares of the stock in a transaction on Monday, April 14th. The stock was bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,260 shares of company stock worth $365,037. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of 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. UBS Group raised their target price 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. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Science Applications International has an average rating of "Hold" and a consensus target price of $131.33.

Science Applications International Stock Performance

Science Applications International stock traded up $1.53 during trading hours on Thursday, reaching $121.36. 64,092 shares of the company were exchanged, compared to its average volume of 487,444. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 20.49 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. The stock has a 50-day moving average of $108.84 and a 200 day moving average of $118.65. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced 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 dividend yield of 1.22%. Science Applications International's payout ratio is 20.58%.

Science Applications International 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.