Mariner LLC Acquires 106 Shares of Science Applications International Co. (NYSE:SAIC)

Mariner LLC grew its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,875 shares of the information technology services provider’s stock after purchasing an additional 106 shares during the quarter. Mariner LLC’s holdings in Science Applications International were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in Science Applications International in the 4th quarter worth about $63,572,000. Victory Capital Management Inc. boosted its holdings in shares of Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after purchasing an additional 132,976 shares during the period. Bragg Financial Advisors Inc grew its stake in Science Applications International by 97.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 209,541 shares of the information technology services provider’s stock worth $23,422,000 after purchasing an additional 103,191 shares in the last quarter. Prudential Financial Inc. increased its holdings in Science Applications International by 285.5% during the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock worth $17,012,000 after purchasing an additional 102,933 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Science Applications International during the 4th quarter valued at $10,038,000. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SAIC. UBS Group raised 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. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial lowered their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.33.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon acquired 230 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were acquired at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now directly owns 4,032 shares of the company’s stock, valued at $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John K. Tien, Jr. bought 215 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, with a total value of $25,047.50. Following the completion of the purchase, the director now owns 919 shares in the company, valued at approximately $107,063.50. This trade represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 3,260 shares of company stock worth $365,037. Company insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $117.98 on Friday. The company has a 50 day moving average price of $111.57 and a 200 day moving average price of $117.51. The firm has a market capitalization of $5.63 billion, a P/E ratio of 19.90 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. 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 posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

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.