Barclays PLC Acquires 17,336 Shares of Science Applications International Co. (NYSE:SAIC)

Barclays PLC lifted its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 37.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,672 shares of the information technology services provider’s stock after purchasing an additional 17,336 shares during the period. Barclays PLC’s holdings in Science Applications International were worth $7,117,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after buying an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in Science Applications International during the fourth quarter worth $312,000. Pure Financial Advisors LLC grew its holdings in Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares during the period. Truist Financial Corp increased its stake in Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock valued at $430,000 after purchasing an additional 233 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Science Applications International during the third quarter valued at about $1,713,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $122.16 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.83 billion, a PE ratio of 20.60 and a beta of 0.58. The stock’s 50 day moving average price is $109.26 and its 200-day moving average price is $118.50. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

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

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Insider Transactions at Science Applications International

In related news, Director Garth Graham purchased 215 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares in the company, valued at approximately $835,813.25. This represents a 3.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carolyn B. Handlon acquired 230 shares of Science Applications International stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the transaction, the director now directly owns 4,032 shares in the company, valued at approximately $443,237.76. The trade was a 6.05 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock worth $365,037 in the last quarter. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SAIC shares. UBS Group raised their target price 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. Truist Financial decreased their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $131.33.

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.