AQR Capital Management LLC Has $36.89 Million Position in Science Applications International Co. (NYSE:SAIC)

AQR Capital Management LLC lifted its holdings in Science Applications International Co. (NYSE:SAIC) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,802 shares of the information technology services provider’s stock after buying an additional 27,664 shares during the period. AQR Capital Management LLC owned about 0.61% of Science Applications International worth $36,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SAIC. Squarepoint Ops LLC boosted its holdings in shares of Science Applications International by 86.0% during the second quarter. Squarepoint Ops LLC now owns 10,131 shares of the information technology services provider’s stock worth $1,191,000 after purchasing an additional 4,683 shares during the period. Marshall Wace LLP purchased a new stake in Science Applications International in the 2nd quarter worth approximately $909,000. Bank of Montreal Can boosted its stake in shares of Science Applications International by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after buying an additional 90 shares during the period. Huber Capital Management LLC grew its holdings in shares of Science Applications International by 37.2% during the 2nd quarter. Huber Capital Management LLC now owns 52,342 shares of the information technology services provider’s stock valued at $6,153,000 after acquiring an additional 14,182 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of Science Applications International by 51.1% in the second quarter. AE Wealth Management LLC now owns 4,447 shares of the information technology services provider’s stock worth $523,000 after acquiring an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity

In related news, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michelle A. O’hara bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Joshua Jackson purchased 400 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, with a total value of $45,712.00. Following the acquisition, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,500 shares of company stock valued at $175,412. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Performance

NYSE:SAIC opened at $137.75 on Friday. The firm has a market capitalization of $6.82 billion, a PE ratio of 16.13 and a beta of 0.70. Science Applications International Co. has a 1 year low of $104.46 and a 1 year high of $145.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm’s fifty day simple moving average is $128.51 and its 200 day simple moving average is $126.89.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $2.05 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.17 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.07%. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAIC. Barclays lifted their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, September 6th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup lifted their target price on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $139.75.

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 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.