2,044 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. purchased a new stake in Science Applications International Co. (NYSE:SAIC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,044 shares of the information technology services provider’s stock, valued at approximately $240,000.

Several other hedge funds have also recently bought and sold shares of SAIC. Corient Private Wealth LLC increased its position in shares of Science Applications International by 250.8% in the fourth quarter. Corient Private Wealth LLC now owns 19,643 shares of the information technology services provider’s stock worth $2,442,000 after purchasing an additional 14,043 shares during the period. Quadrature Capital Ltd bought a new stake in Science Applications International during the fourth quarter worth $950,000. Franklin Resources Inc. boosted its holdings in shares of Science Applications International by 38.8% in the 4th quarter. Franklin Resources Inc. now owns 39,418 shares of the information technology services provider’s stock valued at $4,900,000 after purchasing an additional 11,027 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Science Applications International in the 1st quarter valued at $649,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Science Applications International in the 4th quarter valued at $884,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Science Applications International

In other news, EVP Michelle A. O’hara purchased 1,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Vincent P. Difronzo purchased 215 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of $116.72 per share, with a total value of $25,094.80. Following the completion of the purchase, the executive vice president now owns 2,267 shares in the company, valued at approximately $264,604.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michelle A. O’hara acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. The disclosure for this purchase can be found here. Insiders bought a total of 1,715 shares of company stock worth $200,507 over the last three months. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Performance

NYSE SAIC opened at $137.63 on Tuesday. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 16.12 and a beta of 0.70. Science Applications International Co. has a twelve month low of $104.26 and a twelve month high of $145.17. The stock has a fifty day simple moving average of $125.41 and a 200 day simple moving average of $127.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $2.05 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that Science Applications International Co. will post 8.18 EPS for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Cowen lifted their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Truist Financial upped their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Barclays increased their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Citigroup increased their price target on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $139.75.

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.