TABR Capital Management LLC Buys Shares of 5,963 Science Applications International Corporation $SAIC

TABR Capital Management LLC bought a new position in shares of Science Applications International Corporation (NASDAQ:SAIC) during the 4th quarter, HoldingsChannel reports. The firm bought 5,963 shares of the company’s stock, valued at approximately $600,000.

Other large investors have also recently made changes to their positions in the company. Childress Capital Advisors LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at $360,000. LBP AM SA boosted its stake in Science Applications International by 39.1% in the 4th quarter. LBP AM SA now owns 80,767 shares of the company’s stock worth $8,130,000 after purchasing an additional 22,692 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Science Applications International by 4.7% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 3,574 shares of the company’s stock valued at $360,000 after buying an additional 160 shares in the last quarter. OLIO Financial Planning purchased a new position in Science Applications International during the 4th quarter valued at about $263,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Science Applications International by 19.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock valued at $21,870,000 after buying an additional 35,814 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Performance

NASDAQ:SAIC opened at $96.14 on Wednesday. The stock has a market cap of $4.17 billion, a P/E ratio of 12.50 and a beta of 0.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The business’s 50-day moving average price is $93.40 and its two-hundred day moving average price is $96.65. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $124.11.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.Science Applications International’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.57 earnings per share. As a group, equities analysts predict that Science Applications International Corporation will post 9.61 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio is presently 19.25%.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Truist Financial decreased their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Stifel Nicolaus lowered their target price on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. The Goldman Sachs Group cut their price target on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Finally, Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus target price of $110.78.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.