Dynamic Technology Lab Private Ltd Purchases New Position in Science Applications International Co. $SAIC

Dynamic Technology Lab Private Ltd purchased a new position in Science Applications International Co. (NYSE:SAIC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,208 shares of the information technology services provider’s stock, valued at approximately $1,312,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. LSV Asset Management boosted its stake in Science Applications International by 20.2% during the third quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock worth $155,518,000 after buying an additional 263,006 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Science Applications International by 229.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the information technology services provider’s stock valued at $6,901,000 after acquiring an additional 48,359 shares during the period. Integrated Quantitative Investments LLC bought a new stake in shares of Science Applications International in the 2nd quarter worth about $391,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Science Applications International by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock worth $18,229,000 after acquiring an additional 21,124 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Science Applications International by 76.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the information technology services provider’s stock worth $21,827,000 after purchasing an additional 94,978 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO James Reagan bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of $100.17 per share, with a total value of $100,170.00. Following the transaction, the chief executive officer directly owned 26,460 shares in the company, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on SAIC. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Citigroup boosted their target price on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group cut their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Finally, UBS Group increased their price target on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $116.44.

Science Applications International Price Performance

Shares of SAIC stock opened at $95.40 on Monday. The company has a market capitalization of $4.31 billion, a P/E ratio of 16.09 and a beta of 0.31. The company’s 50-day simple moving average is $99.42 and its two-hundred day simple moving average is $99.20. Science Applications International Co. has a one year low of $81.08 and a one year high of $124.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.51. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 earnings per share. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.