6,800 Science Applications International Corporation $SAIC Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC) by 25.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 33,530 shares of the company’s stock after acquiring an additional 6,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Science Applications International were worth $4,277,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Science Applications International during the second quarter worth approximately $44,044,000. Dimensional Fund Advisors LP raised its holdings in Science Applications International by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after acquiring an additional 185,066 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Science Applications International by 13,176.6% in the 1st quarter. Fifth Third Bancorp now owns 63,064 shares of the company’s stock worth $5,986,000 after acquiring an additional 62,589 shares during the period. Bank of America Corp DE grew its holdings in shares of Science Applications International by 17.5% during the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock worth $36,121,000 after purchasing an additional 56,720 shares in the last quarter. Finally, MAC Alpha Capital Management LP increased its position in shares of Science Applications International by 43.8% during the second quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company’s stock valued at $19,311,000 after purchasing an additional 53,277 shares during the period. Institutional investors own 76.00% of the company’s stock.

Insiders Place Their Bets

In other Science Applications International news, Director C. David Cush bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were bought at an average cost of $132.50 per share, for a total transaction of $132,500.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $132,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Science Applications International Price Performance

Shares of SAIC stock opened at $151.86 on Monday. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 17.76 and a beta of 0.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.71. The firm’s 50 day moving average is $132.46 and its 200-day moving average is $110.94. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $154.46.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm posted $3.63 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts forecast that Science Applications International Corporation will post 10.77 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 9th. Science Applications International’s payout ratio is currently 17.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAIC. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 27th. Stifel Nicolaus upped their price objective on Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. UBS Group raised their target price on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Truist Financial boosted their price target on Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group increased their price objective on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $125.22.

Science Applications International Profile

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.