Science Applications International Co. (NYSE:SAIC) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 2,961.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,460 shares of the information technology services provider's stock after purchasing an additional 46,877 shares during the quarter. WINTON GROUP Ltd owned about 0.10% of Science Applications International worth $5,417,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in shares of Science Applications International in the 3rd quarter worth approximately $71,000. Jones Financial Companies Lllp increased its position in shares of Science Applications International by 32.3% during 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 during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Science Applications International by 33.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after buying an additional 167 shares during the period. Finally, Tidal Investments LLC purchased a new position in Science Applications International during the third quarter worth $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Milford W. Mcguirt acquired 500 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now directly owns 6,841 shares of the company's stock, valued at approximately $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. 0.67% of the stock is currently owned by insiders.

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Science Applications International Stock Up 0.5 %

NYSE SAIC traded up $0.62 during trading on Monday, hitting $113.15. The company's stock had a trading volume of 235,943 shares, compared to its average volume of 791,121. 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 market cap of $5.40 billion, a PE ratio of 19.14 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business's 50 day simple moving average is $106.36 and its 200-day simple moving average is $121.56.

Science Applications International (NYSE:SAIC - Get Free Report) last released its 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. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. On average, equities analysts anticipate that Science Applications International Co. will post 8.27 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, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group upped their price objective on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and a consensus price target of $134.00.

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.