Tudor Investment Corp ET AL Buys 57,546 Shares of Science Applications International Corporation $SAIC

Tudor Investment Corp ET AL grew its position in Science Applications International Corporation (NASDAQ:SAIC) by 186.4% in the third quarter, HoldingsChannel.com reports. The firm owned 88,426 shares of the company’s stock after acquiring an additional 57,546 shares during the period. Tudor Investment Corp ET AL’s holdings in Science Applications International were worth $8,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Science Applications International in the 2nd quarter worth $81,148,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Science Applications International by 78.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the company’s stock worth $101,608,000 after acquiring an additional 396,037 shares during the period. AQR Capital Management LLC grew its position in shares of Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Science Applications International in the 2nd quarter worth approximately $31,271,000. Finally, LSV Asset Management grew its holdings in Science Applications International by 20.2% during the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after buying an additional 263,006 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC opened at $96.74 on Monday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 12.58 and a beta of 0.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The business’s fifty day simple moving average is $97.04 and its 200-day simple moving average is $97.49.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is presently 19.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. JPMorgan Chase & Co. boosted their target price on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research note on Monday, December 29th. Finally, The Goldman Sachs Group cut their target price on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.89.

Science Applications International Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.