Trexquant Investment LP Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Trexquant Investment LP acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,909 shares of the information technology services provider's stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its position 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 buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 valued at $75,000 after buying an additional 167 shares during the last quarter. Tidal Investments LLC purchased a new position in Science Applications International during the third quarter valued at $200,000. Finally, Catalyst Funds Management Pty Ltd boosted its holdings in Science Applications International by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 1,800 shares of the information technology services provider's stock worth $201,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

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Science Applications International Stock Performance

Shares of SAIC traded down $0.37 during trading hours on Tuesday, hitting $117.18. The stock had a trading volume of 437,904 shares, compared to its average volume of 486,242. The firm has a market capitalization of $5.59 billion, a PE ratio of 19.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a fifty day moving average price of $107.17 and a 200 day moving average price of $119.53.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly 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. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company posted $1.43 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insider Activity

In other news, Director John K. Tien, Jr. acquired 215 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the transaction, the director now directly owns 919 shares of the company's stock, valued at approximately $107,063.50. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, with a total value of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 3,260 shares of company stock valued at $365,037 in the last 90 days. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SAIC. UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th. Wells Fargo & Company dropped their target price on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $131.33.

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.