Entropy Technologies LP Purchases 10,756 Shares of Science Applications International Co. (NYSE:SAIC)

Entropy Technologies LP grew its position in Science Applications International Co. (NYSE:SAIC) by 134.5% during the first quarter, Holdings Channel reports. The institutional investor owned 18,755 shares of the information technology services provider’s stock after acquiring an additional 10,756 shares during the quarter. Entropy Technologies LP’s holdings in Science Applications International were worth $2,106,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares in the last quarter. Larson Financial Group LLC boosted its stake in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 98 shares in the last quarter. True Wealth Design LLC acquired a new stake in Science Applications International in the 4th quarter worth approximately $48,000. Finally, Fifth Third Bancorp boosted its stake in Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 88 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

NYSE:SAIC opened at $116.66 on Monday. 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 firm has a market cap of $5.47 billion, a price-to-earnings ratio of 19.67 and a beta of 0.49. The company has a 50 day moving average price of $110.64 and a 200-day moving average price of $111.28. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 EPS. Equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International’s payout ratio is 20.76%.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus initiated coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They issued a “buy” rating and a $130.00 target price for the company. Barclays lowered their target price on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Finally, UBS Group lowered their target price on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $125.64.

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.