TABR Capital Management LLC Takes $600,000 Position in Science Applications International Corporation $SAIC

TABR Capital Management LLC purchased a new stake in shares of Science Applications International Corporation (NASDAQ:SAIC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,963 shares of the company’s stock, valued at approximately $600,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management lifted its position in shares of Science Applications International by 20.2% during the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after buying an additional 263,006 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Science Applications International by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock valued at $17,485,000 after acquiring an additional 53,684 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Science Applications International by 229.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the company’s stock valued at $6,901,000 after acquiring an additional 48,359 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Science Applications International by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the company’s stock worth $18,229,000 after acquiring an additional 21,124 shares during the period. Finally, First Trust Advisors LP boosted its position in Science Applications International by 3.7% in the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after purchasing an additional 53,895 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Truist Financial decreased their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a report on Tuesday, March 17th. Finally, Stifel Nicolaus lowered their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $110.78.

Science Applications International Stock Performance

Shares of SAIC opened at $96.14 on Wednesday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $124.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $93.40 and its two-hundred day moving average price is $96.65. The firm has a market cap of $4.17 billion, a PE ratio of 12.50 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Science Applications International Corporation will post 9.61 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is presently 19.25%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.