Huber Capital Management LLC Grows Holdings in Science Applications International Co. (NYSE:SAIC)

Huber Capital Management LLC increased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 44.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 76,362 shares of the information technology services provider’s stock after purchasing an additional 23,520 shares during the period. Science Applications International makes up approximately 1.7% of Huber Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Huber Capital Management LLC owned 0.16% of Science Applications International worth $8,536,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Science Applications International in the 4th quarter valued at $63,572,000. Victory Capital Management Inc. increased its stake in Science Applications International by 851.8% in the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after buying an additional 132,976 shares during the period. Prudential Financial Inc. boosted its holdings in Science Applications International by 285.5% in the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock valued at $17,012,000 after purchasing an additional 102,933 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Science Applications International in the 4th quarter valued at about $10,038,000. Finally, Van ECK Associates Corp raised its holdings in Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after purchasing an additional 76,204 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $115.70 on Thursday. 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 company’s fifty day moving average price is $106.08 and its 200 day moving average price is $121.20. The company has a market capitalization of $5.52 billion, a PE ratio of 19.51 and a beta of 0.66. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Truist Financial reduced their price target 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. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $134.00.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Toni Townes-Whitley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This represents a 4.63 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,815 shares of company stock valued at $314,652. 0.67% of the stock is currently owned by company insiders.

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.