Science Applications International Co. (NYSE:SAIC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Science Applications International Co. (NYSE:SAIC) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 11,063 shares of the information technology services provider’s stock after acquiring an additional 337 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Science Applications International were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SAIC. FMR LLC lifted its holdings in shares of Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Science Applications International in the 3rd quarter worth approximately $19,562,000. Qube Research & Technologies Ltd lifted its holdings in shares of Science Applications International by 3,071.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after purchasing an additional 129,963 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 12,348.8% in the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after purchasing an additional 91,134 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of Science Applications International in the 3rd quarter worth approximately $8,911,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 0.5 %

Shares of SAIC stock opened at $129.12 on Friday. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17. The stock has a market cap of $6.67 billion, a PE ratio of 16.28 and a beta of 0.70. The business’s fifty day moving average is $132.73 and its 200-day moving average is $125.33. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (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 for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $2.04 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company lifted their target price on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group cut their target price 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. Truist Financial reaffirmed a “hold” rating and set a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. Finally, StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.60.

Insider Activity

In related news, CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the acquisition, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is owned by 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.