XTX Topco Ltd Purchases 7,310 Shares of Science Applications International Co. (NYSE:SAIC)

XTX Topco Ltd increased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 219.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,641 shares of the information technology services provider's stock after acquiring an additional 7,310 shares during the period. XTX Topco Ltd's holdings in Science Applications International were worth $1,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp boosted its position in shares of Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock worth $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Science Applications International by 9.2% in the third quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider's stock worth $32,033,000 after acquiring an additional 19,446 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Science Applications International by 2.1% during the third quarter. Quantinno Capital Management LP now owns 36,556 shares of the information technology services provider's stock valued at $5,091,000 after acquiring an additional 760 shares in the last quarter. Quarry LP purchased a new position in shares of Science Applications International in the 3rd quarter worth about $71,000. Finally, Redwood Investment Management LLC boosted its stake in Science Applications International by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 12,317 shares of the information technology services provider's stock worth $1,697,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Monday, September 16th. TD Cowen upped their price objective on Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their target price on Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Citigroup increased their price objective on Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $145.25.

Science Applications International Stock Performance

Science Applications International stock traded down $1.99 during mid-day trading on Monday, reaching $116.07. 761,695 shares of the stock traded hands, compared to its average volume of 322,625. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The business's 50-day moving average is $137.62 and its 200-day moving average is $129.23. 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 stock has a market capitalization of $5.75 billion, a PE ratio of 19.57 and a beta of 0.64.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the business earned $2.05 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Science Applications International Co. will post 8.55 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.28%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

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.