Fuller & Thaler Asset Management Inc. Raises Position in Science Applications International Co. (NYSE:SAIC)

Fuller & Thaler Asset Management Inc. increased its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,186,547 shares of the information technology services provider's stock after purchasing an additional 464,989 shares during the period. Science Applications International makes up approximately 0.9% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 17th largest position. Fuller & Thaler Asset Management Inc. owned 4.47% of Science Applications International worth $244,412,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth about $28,000. Jones Financial Companies Lllp lifted its holdings 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 worth $71,000 after buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Science Applications International by 33.1% in 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. Aster Capital Management DIFC Ltd purchased a new position in Science Applications International in the 4th quarter valued at approximately $77,000. Finally, Tidal Investments LLC acquired a new position in shares of Science Applications International in the third quarter worth $200,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

SAIC traded down $0.86 on Friday, reaching $121.30. The company had a trading volume of 466,693 shares, compared to its average volume of 490,769. The stock has a 50-day moving average price of $109.62 and a 200-day moving average price of $118.35. The stock has a market capitalization of $5.79 billion, a PE ratio of 20.46 and a beta of 0.58. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Insider Buying and Selling

In related news, Director Milford W. Mcguirt acquired 500 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company's stock, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolyn B. Handlon bought 230 shares of the stock in a transaction on Monday, April 7th. The stock was bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now directly owns 4,032 shares in the company, valued at approximately $443,237.76. The trade was a 6.05 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,260 shares of company stock worth $365,037 in the last 90 days. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SAIC shares. Wells Fargo & Company decreased their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Truist Financial reduced their target price on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $131.33.

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.