Aquatic Capital Management LLC Makes New $2.10 Million Investment in Science Applications International Co. (NYSE:SAIC)

Aquatic Capital Management LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,790 shares of the information technology services provider’s stock, valued at approximately $2,100,000.

A number of other institutional investors have also recently modified their holdings of the business. Oxford Asset Management LLP acquired a new stake in shares of Science Applications International during the 4th quarter valued at about $271,000. Adage Capital Partners GP L.L.C. purchased a new stake in Science Applications International during the 4th quarter worth approximately $34,909,000. Fuller & Thaler Asset Management Inc. increased its stake in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Science Applications International by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,480 shares of the information technology services provider’s stock worth $3,519,000 after buying an additional 1,783 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Science Applications International during the 4th quarter worth approximately $869,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In related news, Director Milford W. Mcguirt acquired 500 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares of the company’s stock, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Garth Graham acquired 215 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now directly owns 7,159 shares of the company’s stock, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,260 shares of company stock valued at $365,037 over the last quarter. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Down 0.3 %

Shares of NYSE SAIC opened at $120.88 on Tuesday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 20.38 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The business’s 50 day moving average is $109.98 and its two-hundred day moving average is $117.84.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 earnings per share. Research analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Analysts Set New Price Targets

Several research firms have commented on SAIC. Truist Financial cut their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. UBS Group boosted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $131.33.

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.