Crossmark Global Holdings Inc. Increases Holdings in Science Applications International Co. (NYSE:SAIC)

Crossmark Global Holdings Inc. raised its stake in Science Applications International Co. (NYSE:SAIC) by 20.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,727 shares of the information technology services provider’s stock after buying an additional 620 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Science Applications International were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Science Applications International by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after buying an additional 56,414 shares during the period. Bank of New York Mellon Corp raised its position in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after purchasing an additional 25,807 shares during the period. American Century Companies Inc. raised its position in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the period. AQR Capital Management LLC lifted its stake in shares of Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Price Performance

SAIC stock opened at $122.40 on Friday. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The firm has a market capitalization of $6.06 billion, a P/E ratio of 22.01 and a beta of 0.70. 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 business’s 50-day moving average is $142.06 and its two-hundred day moving average is $130.66.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS 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 company 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 business posted $2.05 EPS. The firm’s revenue 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. Shareholders of record on Friday, October 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAIC. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $170.00 in a research report on Wednesday, October 2nd. TD Cowen upped their price objective 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. Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, Barclays boosted their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price 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.