Twinbeech Capital LP Purchases Shares of 2,315 Science Applications International Co. (NYSE:SAIC)

Twinbeech Capital LP purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,315 shares of the information technology services provider’s stock, valued at approximately $259,000.

Several other hedge funds have also modified their holdings of SAIC. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the fourth quarter valued at about $28,000. True Wealth Design LLC purchased a new stake in shares of Science Applications International during the fourth quarter valued at about $48,000. Kapitalo Investimentos Ltda purchased a new position in shares of Science Applications International in the 4th quarter valued at approximately $58,000. Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 156 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 167 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Science Applications International news, Director John K. Tien, Jr. bought 215 shares of Science Applications International stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the transaction, the director now owns 919 shares of the company’s stock, valued at $107,063.50. This represents a 30.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn B. Handlon bought 230 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares of the company’s stock, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 3,260 shares of company stock worth $365,037 over the last three months. 0.44% of the stock is currently owned by corporate insiders.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $117.28 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The stock has a 50 day moving average of $116.45 and a two-hundred day moving average of $114.92. The stock has a market cap of $5.60 billion, a P/E ratio of 19.78 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. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed 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 was Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. Science Applications International’s dividend payout ratio is currently 20.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group raised their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial dropped their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. One 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.com, the company has an average rating of “Hold” and an average price target of $131.20.

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.