Signaturefd LLC Buys 390 Shares of Science Applications International Co. (NYSE:SAIC)

Signaturefd LLC lifted its position in Science Applications International Co. (NYSE:SAIC) by 174.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 614 shares of the information technology services provider’s stock after purchasing an additional 390 shares during the period. Signaturefd LLC’s holdings in Science Applications International were worth $69,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Science Applications International during the 4th quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Science Applications International by 27.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after buying an additional 464,989 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in Science Applications International in the 4th quarter valued at approximately $34,909,000. AQR Capital Management LLC grew its stake in shares of Science Applications International by 68.4% in the fourth quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock worth $49,413,000 after acquiring an additional 179,963 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Science Applications International during the 4th quarter worth $18,694,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAIC shares. UBS Group dropped their price target on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 3rd. Truist Financial cut their price target on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, June 3rd. Stifel Nicolaus assumed coverage on Science Applications International in a research note on Tuesday, June 24th. They set a “buy” rating and a $130.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Barclays reduced their price target on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $124.73.

Science Applications International Stock Performance

Shares of SAIC opened at $114.57 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The firm’s 50 day moving average price is $112.29 and its two-hundred day moving average price is $111.45. The firm has a market cap of $5.37 billion, a P/E ratio of 19.32 and a beta of 0.49.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same quarter in the prior year, the business earned $1.92 EPS. Science Applications International’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a $0.37 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.29%. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

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.