AXQ Capital LP Grows Position in Science Applications International Co. (NYSE:SAIC)

AXQ Capital LP increased its holdings in Science Applications International Co. (NYSE:SAIC) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,868 shares of the information technology services provider’s stock after acquiring an additional 227 shares during the quarter. AXQ Capital LP’s holdings in Science Applications International were worth $321,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Science Applications International by 851.8% in the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after buying an additional 132,976 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Science Applications International in the 4th quarter valued at about $10,038,000. Van ECK Associates Corp boosted its holdings in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after buying an additional 76,204 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Science Applications International in the 4th quarter valued at about $4,494,000. Finally, ING Groep NV bought a new stake in shares of Science Applications International in the 4th quarter valued at about $3,912,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

SAIC opened at $105.90 on Monday. 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. The firm has a market capitalization of $5.18 billion, a PE ratio of 17.86 and a beta of 0.66. The firm has a 50 day moving average of $107.01 and a two-hundred day moving average of $122.41.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm posted $1.43 EPS. Science Applications International’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, March 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average price target of $134.00.

Insider Activity

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

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.