Nomura Holdings Inc. Invests $735,000 in Science Applications International Co. (NYSE:SAIC)

Nomura Holdings Inc. purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,571 shares of the information technology services provider’s stock, valued at approximately $735,000.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $28,000. Kapitalo Investimentos Ltda acquired a new position in Science Applications International in the 4th quarter valued at about $58,000. Jones Financial Companies Lllp grew its position in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 worth $75,000 after buying an additional 167 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Science Applications International during the fourth quarter worth about $77,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $123.14 on Wednesday. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $115.80 and a 200-day simple moving average of $115.25. The stock has a market capitalization of $5.88 billion, a PE ratio of 20.77 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results 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. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Equities analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Insiders Place Their Bets

In other Science Applications International news, CEO Toni Townes-Whitley purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Milford W. Mcguirt purchased 500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,260 shares of company stock worth $365,037. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAIC. Wells Fargo & Company decreased their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their target price on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, May 15th. Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. UBS Group boosted their price objective 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. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average price target of $131.20.

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.