Mitsubishi UFJ Trust & Banking Corp Buys 212 Shares of Science Applications International Co. (NYSE:SAIC)

Mitsubishi UFJ Trust & Banking Corp increased its stake in Science Applications International Co. (NYSE:SAIC) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,573 shares of the information technology services provider’s stock after buying an additional 212 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Science Applications International were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Silver Oak Securities Incorporated bought a new stake in shares of Science Applications International during the first quarter worth $250,000. HRT Financial LP bought a new stake in shares of Science Applications International during the fourth quarter worth $4,783,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Science Applications International by 0.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,919,688 shares of the information technology services provider’s stock worth $212,951,000 after purchasing an additional 15,547 shares during the last quarter. Ziegler Capital Management LLC lifted its position in shares of Science Applications International by 4.5% during the first quarter. Ziegler Capital Management LLC now owns 8,966 shares of the information technology services provider’s stock worth $963,000 after purchasing an additional 382 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Science Applications International by 1.0% during the fourth quarter. LSV Asset Management now owns 506,479 shares of the information technology services provider’s stock worth $56,184,000 after purchasing an additional 4,973 shares during the last quarter. 77.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, insider Robert S. Genter sold 3,000 shares of Science Applications International stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $107.70, for a total value of $323,100.00. Following the transaction, the insider now owns 58,655 shares in the company, valued at $6,317,143.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SAIC. StockNews.com began coverage on Science Applications International in a research report on Thursday, August 17th. They set a “strong-buy” rating for the company. Truist Financial cut their price target on Science Applications International from $120.00 to $115.00 in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.29.

Science Applications International Price Performance

SAIC opened at $117.75 on Friday. The business’s 50-day moving average is $115.98 and its two-hundred day moving average is $108.26. Science Applications International Co. has a 1 year low of $87.93 and a 1 year high of $123.53. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.08 and a quick ratio of 1.03. The firm has a market capitalization of $6.32 billion, a PE ratio of 20.03 and a beta of 0.74.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 5th. The information technology services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.31. Science Applications International had a return on equity of 25.68% and a net margin of 4.20%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Research analysts anticipate that Science Applications International Co. will post 7.13 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a $0.37 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.48 annualized dividend and a yield of 1.26%. Science Applications International’s dividend payout ratio (DPR) is presently 25.17%.

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 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.