Raymond James Financial Inc. Takes Position in Science Applications International Co. (NYSE:SAIC)

Raymond James Financial Inc. purchased a new position in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 89,805 shares of the information technology services provider’s stock, valued at approximately $10,038,000. Raymond James Financial Inc. owned 0.18% of Science Applications International at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in Science Applications International during the 4th quarter worth about $28,000. Quarry LP acquired a new stake in shares of Science Applications International during the 3rd quarter worth about $71,000. Jones Financial Companies Lllp grew its holdings in shares of Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Science Applications International in the third quarter valued at approximately $200,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Science Applications International during the third quarter valued at approximately $206,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Down 0.1 %

Shares of Science Applications International stock opened at $105.90 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. The business’s 50 day simple moving average is $107.01 and its 200-day simple moving average is $122.50. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 17.86 and a beta of 0.66. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC) last announced 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 return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio is presently 20.58%.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction 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 transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SAIC. The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. UBS Group lifted their price objective on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their price target on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Truist Financial lowered their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.00.

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.