Science Applications International Co. (NYSE:SAIC) Holdings Lifted by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in shares of Science Applications International Co. (NYSE:SAICFree Report) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,859 shares of the information technology services provider’s stock after buying an additional 47,421 shares during the quarter. AQR Capital Management LLC’s holdings in Science Applications International were worth $27,003,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP grew its stake in Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock valued at $525,321,000 after purchasing an additional 491,167 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Science Applications International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,210,623 shares of the information technology services provider’s stock worth $460,775,000 after acquiring an additional 68,359 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Science Applications International by 2.0% during the 1st quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock worth $450,486,000 after acquiring an additional 94,874 shares in the last quarter. FMR LLC boosted its stake in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Science Applications International by 1.6% during the 1st quarter. State Street Corp now owns 1,625,602 shares of the information technology services provider’s stock worth $174,687,000 after acquiring an additional 25,192 shares in the last quarter. Hedge funds and other institutional investors own 75.31% of the company’s stock.

Insider Activity

In related news, EVP Michelle A. O’hara sold 4,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $127.45, for a total transaction of $509,800.00. Following the sale, the executive vice president now owns 26,238 shares of the company’s stock, valued at approximately $3,344,033.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Science Applications International news, insider Robert S. Genter sold 7,024 shares of Science Applications International stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $125.00, for a total value of $878,000.00. Following the sale, the insider now owns 48,204 shares of the company’s stock, valued at approximately $6,025,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle A. O’hara sold 4,000 shares of Science Applications International stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $127.45, for a total value of $509,800.00. Following the completion of the sale, the executive vice president now directly owns 26,238 shares in the company, valued at approximately $3,344,033.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,233 shares of company stock valued at $1,539,058 in the last 90 days. 1.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Science Applications International from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $142.00 in a research note on Tuesday, December 5th. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Wells Fargo & Company upped their price target on Science Applications International from $116.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, December 5th. Truist Financial upped their price objective on Science Applications International from $115.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, December 5th. Finally, The Goldman Sachs Group lowered their price objective on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.50.

Get Our Latest Stock Analysis on Science Applications International

Science Applications International Trading Up 0.2 %

SAIC traded up $0.26 during mid-day trading on Tuesday, reaching $143.23. The stock had a trading volume of 11,320 shares, compared to its average volume of 249,930. The stock has a market capitalization of $7.46 billion, a P/E ratio of 15.13 and a beta of 0.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.08 and a current ratio of 1.13. The firm’s fifty day simple moving average is $130.62 and its two-hundred day simple moving average is $120.34. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $143.99.

Science Applications International (NYSE:SAICGet Free Report) last posted its quarterly earnings results on Monday, December 4th. The information technology services provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.58. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. Science Applications International had a return on equity of 26.14% and a net margin of 6.67%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 EPS. On average, equities analysts predict that Science Applications International Co. will post 7.88 EPS for the current year.

Science Applications International Profile

(Free Report)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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