Oxford Asset Management LLP Buys Shares of 2,421 Science Applications International Co. (NYSE:SAIC)

Oxford Asset Management LLP bought a new stake in Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,421 shares of the information technology services provider’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Science Applications International during the fourth quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after buying an additional 464,989 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Science Applications International during the fourth quarter worth about $34,909,000. Marshall Wace LLP acquired a new position in shares of Science Applications International during the fourth quarter worth about $18,694,000. Finally, Victory Capital Management Inc. boosted its position in shares of Science Applications International by 851.8% during the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock worth $16,609,000 after buying an additional 132,976 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SAIC. Wells Fargo & Company dropped their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Finally, Truist Financial dropped their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $131.33.

Insider Activity

In related news, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Toni Townes-Whitley purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was bought 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 of the company’s stock, valued at $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 3,260 shares of company stock valued at $365,037. 0.67% of the stock is owned by company insiders.

Science Applications International Trading Down 0.7 %

SAIC stock opened at $121.30 on Monday. The company has a fifty day moving average price of $109.62 and a two-hundred day moving average price of $118.01. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 20.46 and a beta of 0.58. Science Applications International Co. has a one year low of $94.68 and a one year 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.

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

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. Science Applications International’s payout ratio is presently 20.58%.

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.