Science Applications International Co. (NYSE:SAIC) Shares Bought by AXQ Capital LP

AXQ Capital LP grew its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 8.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,868 shares of the information technology services provider’s stock after buying an additional 227 shares during the period. AXQ Capital LP’s holdings in Science Applications International were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Science Applications International by 11.6% during the 3rd quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider’s stock valued at $651,000 after acquiring an additional 487 shares during the last quarter. Quest Partners LLC boosted its position in shares of Science Applications International by 124.1% during the 3rd quarter. Quest Partners LLC now owns 1,840 shares of the information technology services provider’s stock valued at $256,000 after acquiring an additional 1,019 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Science Applications International by 31.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,832 shares of the information technology services provider’s stock valued at $1,787,000 after acquiring an additional 3,062 shares during the last quarter. Moors & Cabot Inc. acquired a new position in shares of Science Applications International during the 3rd quarter valued at about $206,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Down 0.1 %

Shares of NYSE:SAIC opened at $105.90 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 capitalization of $5.18 billion, a PE ratio of 17.86 and a beta of 0.66. The firm’s 50-day moving average is $107.01 and its two-hundred day moving average is $122.41. 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 issued its quarterly 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. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed 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 1.40%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is presently 20.58%.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. UBS Group boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $134.00.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

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.