Swiss National Bank Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

Swiss National Bank cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 1.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 100,015 shares of the information technology services provider’s stock after selling 1,600 shares during the quarter. Swiss National Bank’s holdings in Science Applications International were worth $13,929,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SAIC. Larson Financial Group LLC purchased a new stake in Science Applications International during the 2nd quarter valued at about $27,000. UMB Bank n.a. boosted its holdings in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC boosted its holdings in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp boosted its holdings in Science Applications International by 30.4% during the 2nd 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 period. Finally, CWM LLC boosted its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Down 0.5 %

Shares of NYSE:SAIC opened at $124.20 on Friday. Science Applications International Co. has a 52-week low of $112.00 and a 52-week high of $156.34. The firm has a market capitalization of $6.15 billion, a P/E ratio of 22.34 and a beta of 0.70. The stock has a 50 day moving average price of $140.79 and a 200-day moving average price of $130.37. 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 announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Truist Financial increased their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. 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. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average price target of $150.43.

About Science Applications International

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.