Jefferies Financial Group Inc. Invests $1.71 Million in Science Applications International Co. (NYSE:SAIC)

Jefferies Financial Group Inc. acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,266 shares of the information technology services provider’s stock, valued at approximately $1,706,000.

Several other hedge funds have also made changes to their positions in SAIC. Fuller & Thaler Asset Management Inc. boosted its holdings in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after acquiring an additional 464,989 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock worth $136,163,000 after purchasing an additional 3,078 shares in the last quarter. Norges Bank acquired a new position in shares of Science Applications International during the fourth quarter worth about $63,572,000. Bank of New York Mellon Corp lifted its stake in shares of Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock worth $58,497,000 after purchasing an additional 31,374 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Science Applications International by 3.2% during the fourth quarter. LSV Asset Management now owns 494,156 shares of the information technology services provider’s stock worth $55,237,000 after purchasing an additional 15,447 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. UBS Group boosted their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. 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 research report on Tuesday, April 8th. 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 research report on Tuesday, March 18th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One equities 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.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $131.33.

Insider Buying and Selling at Science Applications International

In related news, Director Carolyn B. Handlon purchased 230 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were acquired at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. The trade was a 6.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Garth Graham purchased 215 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was bought at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the purchase, the director now directly owns 7,159 shares of the company’s stock, valued at $835,813.25. The trade was a 3.10% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,260 shares of company stock valued at $365,037. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC stock opened at $118.95 on Thursday. 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 business has a 50 day moving average of $114.51 and a two-hundred day moving average of $116.08. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market cap of $5.68 billion, a P/E ratio of 20.06 and a beta of 0.55.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (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 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 was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. As a group, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.24%. Science Applications International’s dividend payout ratio is currently 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.