Aristides Capital LLC Buys 510 Shares of Science Applications International Co. (NYSE:SAIC)

Aristides Capital LLC boosted its stake in Science Applications International Co. (NYSE:SAIC) by 29.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,238 shares of the information technology services provider’s stock after acquiring an additional 510 shares during the period. Aristides Capital LLC’s holdings in Science Applications International were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Science Applications International in the 4th quarter valued at $63,572,000. Victory Capital Management Inc. boosted its position in Science Applications International by 851.8% during the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after acquiring an additional 132,976 shares during the last quarter. Prudential Financial Inc. grew its holdings in Science Applications International by 285.5% during the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock worth $17,012,000 after acquiring an additional 102,933 shares during the period. Raymond James Financial Inc. bought a new position in shares of Science Applications International in the 4th quarter worth about $10,038,000. Finally, Van ECK Associates Corp lifted its stake in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after purchasing an additional 76,204 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Milford W. Mcguirt bought 500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. This represents a 7.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,815 shares of company stock valued at $314,652. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $111.70 on Monday. The firm has a market capitalization of $5.33 billion, a P/E ratio of 18.84 and a beta of 0.58. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The stock has a 50 day moving average price of $106.21 and a two-hundred day moving average price of $120.79. 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 released its quarterly earnings results 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 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 period in the prior year, the firm posted $1.43 EPS. Science Applications International’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm 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 dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is currently 20.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Truist Financial reduced their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Finally, UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. One investment 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 company currently has a consensus rating of “Hold” and a consensus target price of $134.00.

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.