Virtu Financial LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,593 shares of the information technology services provider’s stock, valued at approximately $386,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. HRT Financial LP bought a new position in shares of Science Applications International during the 4th quarter worth approximately $4,783,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Science Applications International by 0.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,919,688 shares of the information technology services provider’s stock worth $212,951,000 after buying an additional 15,547 shares during the period. Connable Office Inc. bought a new position in shares of Science Applications International during the 4th quarter worth approximately $214,000. LSV Asset Management lifted its position in shares of Science Applications International by 1.0% during the 4th quarter. LSV Asset Management now owns 506,479 shares of the information technology services provider’s stock worth $56,184,000 after buying an additional 4,973 shares during the period. Finally, TFO TDC LLC bought a new position in shares of Science Applications International during the 4th quarter worth approximately $996,000. Institutional investors own 77.09% of the company’s stock.
Science Applications International Stock Up 0.2 %
NYSE SAIC opened at $117.73 on Monday. The stock has a fifty day moving average of $107.03 and a 200-day moving average of $105.67. The stock has a market capitalization of $6.32 billion, a P/E ratio of 20.02 and a beta of 0.74. Science Applications International Co. has a 52 week low of $87.93 and a 52 week high of $118.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.08.
Science Applications International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, July 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. Science Applications International’s dividend payout ratio (DPR) is presently 25.17%.
Analysts Set New Price Targets
SAIC has been the subject of several analyst reports. Truist Financial cut their target price on Science Applications International from $120.00 to $115.00 in a research report on Tuesday, June 6th. Stifel Nicolaus raised their price target on Science Applications International from $110.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Wells Fargo & Company dropped their price target on Science Applications International from $121.00 to $118.00 and set an “equal weight” rating for the company in a report on Tuesday, April 4th. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on Science Applications International from $90.00 to $97.00 and gave the company a “sell” rating in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.29.
Insider Buying and Selling
In related news, insider Robert S. Genter sold 3,000 shares of Science Applications International stock in a transaction on Monday, June 12th. The stock was sold at an average price of $107.70, for a total transaction of $323,100.00. Following the completion of the sale, the insider now directly owns 58,655 shares of the company’s stock, valued at $6,317,143.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.29% of the stock is owned by insiders.
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 engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.
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