Aristides Capital LLC Acquires New Position in Science Applications International Co. (NYSE:SAIC)

Aristides Capital LLC bought a new position in Science Applications International Co. (NYSE:SAIC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,965 shares of the information technology services provider’s stock, valued at approximately $231,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after purchasing an additional 194,160 shares during the period. First Trust Advisors LP increased its stake in shares of Science Applications International by 14.8% during 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 last quarter. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after acquiring an additional 56,414 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Science Applications International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after purchasing an additional 25,807 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Science Applications International by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP James Joshua Jackson acquired 400 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the transaction, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle A. O’hara purchased 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Insiders acquired a total of 1,650 shares of company stock worth $196,019 over the last 90 days. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Science Applications International Price Performance

SAIC opened at $139.27 on Tuesday. 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 company has a fifty day simple moving average of $128.84 and a 200 day simple moving average of $126.64. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 16.31 and a beta of 0.70. Science Applications International Co. has a twelve month low of $104.46 and a twelve month high of $145.17.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. Equities research analysts expect that Science Applications International Co. will post 8.17 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

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.