LSV Asset Management Acquires 15,447 Shares of Science Applications International Co. (NYSE:SAIC)

LSV Asset Management boosted its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,156 shares of the information technology services provider's stock after acquiring an additional 15,447 shares during the quarter. LSV Asset Management owned 1.01% of Science Applications International worth $55,237,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in Science Applications International in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its stake in 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 period. EverSource Wealth Advisors LLC raised its holdings in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 167 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Science Applications International in the 4th quarter valued at $77,000. Finally, Tidal Investments LLC purchased a new stake in shares of Science Applications International in the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Insider Buying and Selling

In related news, Director Garth Graham bought 215 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now directly owns 7,159 shares of the company's stock, valued at $835,813.25. This represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carolyn B. Handlon acquired 230 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the transaction, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 3,260 shares of company stock valued at $365,037. Insiders own 0.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial reduced their price target 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. Finally, StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Science Applications International has an average rating of "Hold" and a consensus target price of $131.33.

Science Applications International Stock Down 0.3 %

SAIC stock traded down $0.37 during trading on Tuesday, hitting $117.18. 437,854 shares of the company's stock were exchanged, compared to its average volume of 485,554. Science Applications International Co. has a 52-week low of $94.68 and a 52-week 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 19.76 and a beta of 0.58. The business has a 50-day moving average price of $106.95 and a two-hundred day moving average price of $119.55.

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 (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm 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%. Science Applications International's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. As a group, equities research analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. Science Applications International's dividend payout ratio (DPR) is 20.58%.

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.