Huber Capital Management LLC Buys 14,182 Shares of Science Applications International Co. (NYSE:SAIC)

Huber Capital Management LLC lifted its stake in Science Applications International Co. (NYSE:SAIC) by 37.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,342 shares of the information technology services provider’s stock after buying an additional 14,182 shares during the period. Science Applications International comprises approximately 1.4% of Huber Capital Management LLC’s holdings, making the stock its 22nd largest holding. Huber Capital Management LLC owned approximately 0.10% of Science Applications International worth $6,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC acquired a new position in Science Applications International during the second quarter worth $27,000. Parallel Advisors LLC lifted its holdings in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares in the last quarter. CWM LLC boosted its position in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its stake in Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after buying an additional 284 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the topic of several recent analyst reports. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. TD Cowen boosted their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Barclays raised their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average price target of $139.75.

Insider Buying and Selling

In related news, EVP Vincent P. Difronzo bought 215 shares of the business’s stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $116.72 per share, with a total value of $25,094.80. Following the completion of the purchase, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Vincent P. Difronzo purchased 215 shares of Science Applications International stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of $116.72 per share, with a total value of $25,094.80. Following the completion of the transaction, the executive vice president now directly owns 2,267 shares in the company, valued at approximately $264,604.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michelle A. O’hara acquired 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the transaction, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The disclosure for this purchase can be found here. Insiders purchased a total of 1,715 shares of company stock valued at $200,507 over the last three months. Company insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $135.48 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 1-year low of $104.26 and a 1-year high of $145.17. The stock has a market capitalization of $6.71 billion, a P/E ratio of 15.86 and a beta of 0.70. The business has a 50-day moving average price of $126.96 and a two-hundred day moving average price of $127.06.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. Science Applications International’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts predict that Science Applications International Co. will post 8.18 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.09%. Science Applications International’s dividend payout ratio is currently 17.33%.

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.