UBS Group AG, a renowned institutional investor, has significantly increased its holdings in Science Applications International Co. (SAIC:NYE), according to the latest 13F filing with the Securities and Exchange Commission. This move reflects growing investor interest in SAIC and highlights the potential value of the information technology services provider. In this post, we’ll delve into the details of UBS Group AG’s increased holdings, explore recent insider activity, analyze the price performance of SAIC stock, and discuss analyst ratings.
UBS Group AG’s Expanded Holdings:
UBS Group AG reported a notable boost of 106.1% in its holdings of Science Applications International Co. during the fourth quarter. The institutional investor acquired an additional 21,016 shares, bringing its total ownership to 40,816 shares. This increase demonstrates UBS Group AG’s confidence in SAIC’s future prospects and reaffirms the company’s position as an attractive investment opportunity within the information technology services sector.
Hedge Funds and Institutional Investors Show Interest:
UBS Group AG is not alone in recognizing SAIC’s potential. Other hedge funds and institutional investors have also shown interest in the company. Global Wealth Strategies & Associates, Fiduciary Alliance LLC, WFA of San Diego LLC, Atlas Capital Advisors LLC, and Harvest Fund Management Co. Ltd are among the notable investors who have recently added SAIC to their portfolios. Collectively, these institutions now own approximately 76.40% of the outstanding SAIC stock shares.
SAIC Stock-Insider Transactions:
Insider transactions can provide insights into a company’s outlook. Notably, insider Michael W. Larouche recently sold 6,000 shares of SAIC stock, while Director Katharina G. Mcfarland sold 1,193 shares. Although these transactions represent sales, it is essential to consider them within the broader context of the company’s performance and overall market conditions.
Positive Price Performance:
SAIC stock has demonstrated positive price performance in recent times. The company’s stock opened at $97.23 on Monday, with a 52-week low of $83.68 and a 52-week high of $117.94. SAIC’s market capitalization stands at $5.27 billion, and it currently maintains a price-to-earnings ratio of 18.07. Despite market fluctuations, SAIC has sustained a stable position, further highlighting its resilience and potential for growth.
Earnings Results and Dividend Announcement:
In its most recent earnings report, SAIC stock exceeded expectations, reporting earnings per share (EPS) of $2.04 for the quarter, surpassing the consensus estimate of $1.63. The company demonstrated a net margin of 3.89% and a return on equity of 25.20%. Furthermore, SAIC announced a quarterly dividend, indicating a solid commitment to returning value to shareholders.
SAIC Stock-Analyst Ratings:
Analysts have provided various assessments of SAIC stock performance. While Citigroup and Wells Fargo & Company adjusted their price targets, Stifel Nicolaus maintained a hold rating. It’s worth noting that SAIC currently holds a consensus rating of “Hold” with an average target price of $114.33, according to Stock Target Advisor.
Conclusion:
UBS Group AG’s increased holdings in Science Applications International Co. reflect growing investor confidence in the company’s future prospects. Alongside other institutional investors, UBS Group AG recognizes the potential value within the information technology services sector. With positive price performance, strong earnings results, and an ongoing commitment to shareholders, SAIC continues to position itself as an appealing investment opportunity.
