TABR Capital Management LLC Invests $600,000 in Science Applications International Corporation $SAIC

TABR Capital Management LLC bought a new stake in shares of Science Applications International Corporation (NASDAQ:SAIC) during the 4th quarter, HoldingsChannel.com reports. The firm bought 5,963 shares of the company’s stock, valued at approximately $600,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAIC. Quent Capital LLC bought a new position in Science Applications International during the third quarter worth about $29,000. Wexford Capital LP bought a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $29,000. Rakuten Securities Inc. raised its holdings in shares of Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after buying an additional 249 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Science Applications International by 281.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock worth $46,000 after buying an additional 343 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of Science Applications International during the 2nd quarter worth approximately $56,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. Zacks Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Stifel Nicolaus reduced their target price on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price target on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Truist Financial reduced their price target on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.89.

Science Applications International Price Performance

Science Applications International stock opened at $96.74 on Monday. The business’s fifty day moving average is $97.04 and its two-hundred day moving average is $97.49. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $4.20 billion, a P/E ratio of 12.58 and a beta of 0.31. Science Applications International Corporation has a 52 week low of $81.08 and a 52 week high of $124.11.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the company posted $2.57 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given 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 currently 19.25%.

About Science Applications International

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.