Science Applications International Co. (NYSE:SAIC) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in Science Applications International Co. (NYSE:SAIC) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 639 shares of the information technology services provider’s stock after acquiring an additional 156 shares during the quarter. Jones Financial Companies Lllp’s holdings in Science Applications International were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Van ECK Associates Corp boosted its holdings in Science Applications International by 30.4% in the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after acquiring an additional 76,204 shares during the last quarter. ING Groep NV acquired a new position in Science Applications International in the fourth quarter valued at $3,912,000. Bank of New York Mellon Corp boosted its holdings in Science Applications International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after acquiring an additional 31,374 shares during the last quarter. Ieq Capital LLC acquired a new position in Science Applications International in the fourth quarter valued at $2,670,000. Finally, Systematic Financial Management LP boosted its holdings in 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 valued at $32,033,000 after acquiring an additional 19,446 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SAIC shares. The Goldman Sachs Group reduced their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $136.11.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Up 7.2 %

Shares of NYSE SAIC opened at $111.90 on Tuesday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 18.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $107.40 and its 200-day simple moving average is $122.98.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 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.