Investors Shuffle Shares in Tech Services Firm

Big investors have been busy buying and selling shares of Science Applications International Co. , a company that provides tech services. MetLife Investment Management LLC reduced its stake by 2. 8% in the first quarter. They now own 27, 141 shares, worth about $3. 05 million. Other investors made bigger moves. Hotchkis & Wiley Capital Management LLC started a new investment worth $3. 38 million. Bragg Financial Advisors Inc increased its holdings by 2. 5%, now owning shares worth $24. 12 million. Capital Fund Management S. A. boosted its stake by 155. 5%, now holding shares worth $3. 53 million. Hsbc Holdings PLC also started a new position worth $1. 61 million. Fuller & Thaler Asset Management Inc. increased its stake by 14. 3%, now owning shares worth $280. 69 million. Together, hedge funds and other big investors own 76% of the company's stock. Analysts have mixed feelings about the stock. Some think it's a good buy, while others say it's better to hold or even sell. The average price target is around $125. 64. The stock recently traded at $117. 70, with a 12-month range of $94. 68 to $156. 34. The company has a market value of $5. 52 billion. Science Applications International reported earnings of $1. 92 per share for the latest quarter, which was lower than expected. However, revenue grew by 1. 6% compared to the same period last year. Analysts predict earnings of $8. 27 per share for the current fiscal year. The company also announced a quarterly dividend of $0. 37 per share, payable on October 24th. This gives an annual dividend of $1. 48 per share and a yield of 1. 3%. Science Applications International provides a range of services, including IT modernization, digital engineering, artificial intelligence, and support for weapon systems. They also offer services for managing and securing IT infrastructure, as well as training and simulation.