Science Applications International Co. (NYSE:SAIC) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its stake in Science Applications International Co. (NYSE:SAIC) by 2,961.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,460 shares of the information technology services provider’s stock after purchasing an additional 46,877 shares during the period. WINTON GROUP Ltd owned approximately 0.10% of Science Applications International worth $5,417,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the 4th quarter valued at approximately $28,000. Quarry LP purchased a new position in Science Applications International in the 3rd quarter valued at approximately $71,000. Jones Financial Companies Lllp raised its holdings in 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 worth $71,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Science Applications International by 33.1% during 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 in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Science Applications International in the third quarter valued at $200,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $109.60 on Thursday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 18.48 and a beta of 0.66. The stock’s fifty day simple moving average is $106.53 and its 200-day simple moving average is $121.97. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Science Applications International Co. will post 8.27 EPS 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. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.35%. Science Applications International’s payout ratio is 20.58%.

Analyst Ratings Changes

SAIC has been the subject of several research reports. UBS Group lifted their price target 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. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $134.00.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

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.