Capital Fund Management S.A. Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Capital Fund Management S.A. acquired a new stake in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, Holdings Channel reports. The firm acquired 12,297 shares of the information technology services provider’s stock, valued at approximately $1,375,000.

A number of other hedge funds have also recently made changes to their positions in the business. Cornerstone Planning Group LLC bought a new stake in Science Applications International during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its position in shares of Science Applications International by 32.3% during the fourth 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after buying an additional 167 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Science Applications International in the fourth quarter worth $77,000. Finally, Tidal Investments LLC purchased a new position in Science Applications International during the third quarter valued at $200,000. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target 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. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Finally, UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average target price of $131.33.

Insider Buying and Selling at Science Applications International

In related news, Director Garth Graham purchased 215 shares of Science Applications International stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $116.75 per share, with a total value of $25,101.25. Following the purchase, the director now directly owns 7,159 shares of the company’s stock, valued at approximately $835,813.25. This represents a 3.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn B. Handlon acquired 230 shares of the stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the transaction, the director now owns 4,032 shares in the company, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock worth $365,037 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $117.18 on Wednesday. The business’s 50 day moving average price is $107.17 and its 200-day moving average price is $119.53. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a market cap of $5.59 billion, a P/E ratio of 19.76 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. Sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is currently 20.58%.

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.