Squarepoint Ops LLC Has $1.19 Million Stake in Science Applications International Co. (NYSE:SAIC)

Squarepoint Ops LLC raised its holdings in Science Applications International Co. (NYSE:SAIC) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,131 shares of the information technology services provider’s stock after buying an additional 4,683 shares during the period. Squarepoint Ops LLC’s holdings in Science Applications International were worth $1,191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. CenterBook Partners LP bought a new position in Science Applications International in the fourth quarter valued at approximately $323,000. Seven Eight Capital LP bought a new position in Science Applications International in the fourth quarter valued at approximately $717,000. Quadrature Capital Ltd bought a new stake in shares of Science Applications International during the 4th quarter worth approximately $950,000. Finally, Nebula Research & Development LLC bought a new stake in shares of Science Applications International during the 4th quarter worth approximately $828,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $145.64 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of 17.05 and a beta of 0.70. The business’s 50 day moving average is $130.53 and its 200-day moving average is $126.99. 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 $104.46 and a 1-year high of $145.97.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $2.05 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that Science Applications International Co. will post 8.19 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.02%. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Activity

In related news, EVP Michelle A. O’hara purchased 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the transaction, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle A. O’hara purchased 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,550 shares of company stock worth $184,319. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Citigroup boosted their price target on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $150.00 to $170.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus price target of $146.14.

About Science Applications International

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.