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

Los Angeles Capital Management LLC purchased a new stake in Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 61,016 shares of the information technology services provider’s stock, valued at approximately $7,586,000. Los Angeles Capital Management LLC owned approximately 0.12% of Science Applications International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIC. Contravisory Investment Management Inc. purchased a new position in Science Applications International during the fourth quarter worth about $25,000. CVA Family Office LLC acquired a new position in Science Applications International in the 4th quarter valued at about $26,000. Gradient Investments LLC increased its stake in Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Science Applications International by 92.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 208 shares during the period. Finally, Community Bank N.A. acquired a new stake in Science Applications International during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 1.3 %

Shares of NYSE SAIC opened at $131.55 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average price is $131.92 and its two-hundred day moving average price is $126.10. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The stock has a market capitalization of $6.74 billion, a P/E ratio of 14.86 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 earnings per share. On average, analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 16.72%.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Toni Townes-Whitley bought 3,000 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAIC. The Goldman Sachs Group cut their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Truist Financial reissued a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research report on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $127.60.

Science Applications International Company 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.