Aristides Capital LLC Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Aristides Capital LLC acquired a new stake in Science Applications International Co. (NYSE:SAIC) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,965 shares of the information technology services provider’s stock, valued at approximately $231,000.

A number of other hedge funds have also made changes to their positions in SAIC. Larson Financial Group LLC bought a new position in Science Applications International during the 2nd quarter valued at $27,000. Parallel Advisors LLC boosted its stake in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp raised its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares in the last quarter. CWM LLC lifted its holdings in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Science Applications International by 150.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Buying and Selling

In related news, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP James Joshua Jackson acquired 400 shares of Science Applications International stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,650 shares of company stock worth $196,019. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Trading Up 1.1 %

NYSE SAIC opened at $139.27 on Tuesday. The company has a market capitalization of $6.90 billion, a PE ratio of 16.31 and a beta of 0.70. Science Applications International Co. has a 1-year low of $104.46 and a 1-year high of $145.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm’s fifty day simple moving average is $128.84 and its 200-day simple moving average is $126.64.

Science Applications International (NYSE:SAIC) last issued its earnings results 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. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.17 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.06%. Science Applications International’s dividend payout ratio is currently 17.33%.

Analysts Set New Price Targets

Several research firms have issued reports on SAIC. TD Cowen lifted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Citigroup boosted their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Truist Financial lifted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $139.75.

Science Applications International 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.