Stevens Capital Management LP Purchases New Holdings in Science Applications International Co. (NYSE:SAIC)

Stevens Capital Management LP acquired a new position in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,048 shares of the information technology services provider’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after buying an additional 15,166 shares during the last quarter. Geode Capital Management LLC raised its position in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after acquiring an additional 18,102 shares during the period. Bank of New York Mellon Corp boosted its stake in Science Applications International by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after acquiring an additional 31,374 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its stake in shares of Science Applications International by 0.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider’s stock worth $45,460,000 after purchasing an additional 3,730 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value 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. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $109.15 on Tuesday. The firm has a 50 day moving average of $106.83 and a 200-day moving average of $122.23. The firm has a market capitalization of $5.21 billion, a P/E ratio of 18.41 and a beta of 0.66. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. 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 (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.36%. The ex-dividend date is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Analyst Ratings Changes

Several research firms recently commented on SAIC. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. UBS Group upped their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. Finally, Wells Fargo & Company lifted their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and an average price target of $134.00.

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.