Seven Eight Capital LP Buys New Stake in Science Applications International Co. (NYSE:SAIC)

Seven Eight Capital LP purchased a new position in Science Applications International Co. (NYSE:SAICFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,766 shares of the information technology services provider’s stock, valued at approximately $717,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Science Applications International during the 4th quarter worth approximately $75,040,000. FMR LLC grew its holdings in shares of Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after buying an additional 328,426 shares during the last quarter. First Trust Advisors LP increased its position in shares of Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after acquiring an additional 233,075 shares during the period. Qube Research & Technologies Ltd increased its position 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 valued at $14,163,000 after acquiring an additional 129,963 shares during the period. Finally, International Assets Investment Management LLC raised its stake in 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 acquiring an additional 91,134 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other news, Director Katharina G. Mcfarland sold 760 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Prabu Natarajan acquired 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the purchase, the chief financial officer now owns 60,630 shares in the company, valued at $6,963,355.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 5,795 shares of company stock valued at $707,782. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

NYSE:SAIC opened at $115.63 on Tuesday. The company has a 50 day moving average price of $129.44 and a 200-day moving average price of $129.81. Science Applications International Co. has a 1-year low of $104.26 and a 1-year high of $145.17. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 13.54 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95.

Science Applications International (NYSE:SAICGet Free Report) last released its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, meeting the consensus estimate of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.14 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Equities research analysts forecast that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. Science Applications International’s dividend payout ratio is currently 17.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Truist Financial reduced their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, June 4th. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Finally, Wells Fargo & Company upped their price target on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $126.60.

Check Out Our Latest Stock Report on SAIC

Science Applications International Company 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 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.

See Also

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

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