Blueshift Asset Management LLC Purchases Shares of 1,991 Science Applications International Co. (NYSE:SAIC)

Blueshift Asset Management LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,991 shares of the information technology services provider’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the fourth quarter worth about $28,000. Quarry LP bought a new stake in shares of Science Applications International in the third quarter worth about $71,000. Jones Financial Companies Lllp increased its holdings in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 purchasing an additional 167 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Science Applications International in the third quarter worth about $200,000. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Down 0.1 %

Shares of NYSE:SAIC opened at $105.90 on Friday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The business has a 50 day simple moving average of $107.01 and a two-hundred day simple moving average of $122.46. The firm has a market capitalization of $5.18 billion, a PE ratio of 17.86 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

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, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International’s payout ratio is 20.58%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SAIC shares. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.00.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 6,864 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by company 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 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.