Creative Planning Sells 2,940 Shares of Science Applications International Co. (NYSE:SAIC)

Creative Planning trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 11.5% in the 3rd quarter, Holdings Channel reports. The firm owned 22,557 shares of the information technology services provider’s stock after selling 2,940 shares during the quarter. Creative Planning’s holdings in Science Applications International were worth $3,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after acquiring an additional 87 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after acquiring an additional 90 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after acquiring an additional 100 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of Science Applications International by 1.3% in the first quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock valued at $1,187,000 after acquiring an additional 119 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC stock opened at $143.73 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $7.36 billion, a P/E ratio of 16.83 and a beta of 0.70. The business’s 50-day moving average is $137.27 and its two-hundred day moving average is $128.69. Science Applications International Co. has a 1 year low of $105.97 and a 1 year high of $148.65.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts anticipate that Science Applications International Co. will post 8.2 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.37 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.03%. Science Applications International’s dividend payout ratio is currently 17.33%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus price target of $150.43.

Science Applications International Company Profile

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.