Mackenzie Financial Corp Takes Position in Science Applications International Co. (NYSE:SAIC)

Mackenzie Financial Corp purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,424 shares of the information technology services provider’s stock, valued at approximately $3,036,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International during the 4th quarter valued at $25,000. CVA Family Office LLC bought a new position in Science Applications International during the fourth quarter valued at about $26,000. Gradient Investments LLC increased its holdings in Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Science Applications International by 92.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 208 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in Science Applications International in the third quarter valued at about $71,000. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Up 0.2 %

SAIC stock opened at $125.13 on Tuesday. Science Applications International Co. has a twelve month low of $95.43 and a twelve month high of $145.17. The firm has a market capitalization of $6.46 billion, a PE ratio of 15.84 and a beta of 0.70. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The stock has a 50-day simple moving average of $132.96 and a two-hundred day simple moving average of $125.13.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the firm posted $2.04 EPS. Science Applications International’s revenue was down 11.7% on a year-over-year basis. On average, equities analysts predict that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.18%. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Insider Activity at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Toni Townes-Whitley bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the transaction, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. Truist Financial reissued a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $127.60.

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.