Mackenzie Financial Corp Takes $3.04 Million Position in Science Applications International Co. (NYSE:SAIC)

Mackenzie Financial Corp purchased a new position in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 24,424 shares of the information technology services provider’s stock, valued at approximately $3,036,000.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Science Applications International during the fourth quarter worth about $1,331,000. Lecap Asset Management Ltd. acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $859,000. Louisiana State Employees Retirement System bought a new position in Science Applications International during the 4th quarter worth approximately $1,852,000. WCM Investment Management LLC grew its holdings in Science Applications International by 1.3% during the fourth quarter. WCM Investment Management LLC now owns 94,188 shares of the information technology services provider’s stock valued at $11,751,000 after purchasing an additional 1,192 shares during the period. Finally, Cerity Partners LLC bought a new stake in Science Applications International in the fourth quarter valued at approximately $672,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. The Goldman Sachs Group reduced their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. Truist Financial restated a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Finally, Wells Fargo & Company increased their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $127.60.

Science Applications International Stock Up 0.2 %

SAIC stock opened at $125.13 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $6.46 billion, a P/E ratio of 15.84 and a beta of 0.70. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17. The business has a 50-day moving average of $132.96 and a 200-day moving average of $125.13.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. The company’s revenue was down 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Insider Activity at Science Applications International

In related news, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is owned by company insiders.

Science Applications International Profile

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.