Dimensional Fund Advisors LP Has $130.33 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Dimensional Fund Advisors LP raised its position in shares of Science Applications International Co. (NYSE:SAIC) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,108,748 shares of the information technology services provider’s stock after purchasing an additional 56,414 shares during the period. Dimensional Fund Advisors LP owned approximately 2.16% of Science Applications International worth $130,333,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in Science Applications International by 250.8% during the fourth quarter. Corient Private Wealth LLC now owns 19,643 shares of the information technology services provider’s stock valued at $2,442,000 after purchasing an additional 14,043 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Science Applications International during the fourth quarter valued at approximately $950,000. Franklin Resources Inc. raised its position in Science Applications International by 38.8% during the fourth 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 stake in shares of Science Applications International during the first quarter worth $649,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Science Applications International during the fourth quarter worth $884,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SAIC shares. Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Citigroup boosted their target price on shares of Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, Barclays boosted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.75.

Insider Activity

In other Science Applications International news, EVP James Joshua Jackson purchased 400 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the transaction, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP James Joshua Jackson bought 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the acquisition, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michelle A. O’hara acquired 1,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,500 shares of company stock valued at $175,412. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $135.48 on Monday. The company’s 50 day simple moving average is $126.96 and its two-hundred day simple moving average is $126.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $6.71 billion, a PE ratio of 15.86 and a beta of 0.70. 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 issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. Analysts predict that Science Applications International Co. will post 8.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, October 11th. Science Applications International’s payout ratio is 17.33%.

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.