Quadrature Capital Ltd Buys Shares of 7,646 Science Applications International Co. (NYSE:SAIC)

Quadrature Capital Ltd bought a new stake in Science Applications International Co. (NYSE:SAIC) in the 4th quarter, HoldingsChannel reports. The fund bought 7,646 shares of the information technology services provider’s stock, valued at approximately $950,000.

Several other institutional investors also recently bought and sold shares of SAIC. Norges Bank purchased a new position in shares of Science Applications International during the fourth quarter worth $75,040,000. FMR LLC raised its holdings in shares of Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Science Applications International by 14.8% during the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after purchasing an additional 233,075 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after purchasing an additional 194,160 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Science Applications International by 3,071.0% during the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock worth $14,163,000 after purchasing an additional 129,963 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Truist Financial dropped their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. The Goldman Sachs Group lowered 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 report on Thursday, February 29th. Finally, Wells Fargo & Company boosted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.60.

Insider Buying and Selling at Science Applications International

In other news, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Toni Townes-Whitley purchased 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. Insiders have bought 5,795 shares of company stock worth $707,782 in the last ninety days. 0.67% of the stock is owned by insiders.

Science Applications International Stock Performance

NYSE:SAIC opened at $115.99 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 13.58 and a beta of 0.73. The company’s 50-day moving average is $127.36 and its two-hundred day moving average is $129.54. Science Applications International Co. has a 1-year low of $104.26 and a 1-year high of $145.17.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. Science Applications International’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 EPS. Analysts forecast that Science Applications International Co. will post 8.1 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.37 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.48 annualized dividend and a yield of 1.28%. Science Applications International’s payout ratio is 17.33%.

Science Applications International 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.