7,818 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,818 shares of the information technology services provider’s stock, valued at approximately $874,000.

A number of other large investors have also recently made changes to their positions in SAIC. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the fourth quarter worth approximately $28,000. Quarry LP purchased a new position in shares of Science Applications International in the 3rd quarter worth $71,000. Jones Financial Companies Lllp grew its holdings in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares during the period. EverSource Wealth Advisors LLC increased its position in Science Applications International by 33.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 167 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Science Applications International in the third quarter valued at about $200,000. 76.00% of the stock is currently owned by institutional investors.

Insider Activity at Science Applications International

In other news, CEO Toni Townes-Whitley acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, with a total value of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,815 shares of company stock valued at $314,652. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Trading Up 2.1 %

Shares of SAIC stock opened at $115.70 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day simple moving average of $106.08 and a two-hundred day simple moving average of $121.20. The firm has a market capitalization of $5.52 billion, a PE ratio of 19.51 and a beta of 0.66. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.28%. Science Applications International’s dividend payout ratio is 20.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.00.

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.