American Century Companies Inc. Purchases 28,304 Shares of Science Applications International Co. (NYSE:SAIC)

American Century Companies Inc. boosted its stake in Science Applications International Co. (NYSE:SAIC) by 8.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,765 shares of the information technology services provider’s stock after acquiring an additional 28,304 shares during the quarter. American Century Companies Inc.’s holdings in Science Applications International were worth $44,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Larson Financial Group LLC bought a new stake in Science Applications International during the 2nd quarter worth about $27,000. Parallel Advisors LLC grew its holdings in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. CWM LLC raised its holdings in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Activity

In related news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. In the last three months, insiders purchased 1,715 shares of company stock worth $200,507. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of recent analyst reports. TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their target price on Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup upped their price objective on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Barclays increased their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $139.75.

Science Applications International Stock Up 0.7 %

SAIC opened at $137.63 on Tuesday. The stock has a fifty day moving average of $125.41 and a 200-day moving average of $127.06. The company has a market capitalization of $6.82 billion, a P/E ratio of 16.12 and a beta of 0.70. Science Applications International Co. has a fifty-two week low of $104.26 and a fifty-two week high of $145.17. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Science Applications International Co. will post 8.18 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio is currently 17.33%.

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.