Empowered Funds LLC Buys 487 Shares of Science Applications International Co. (NYSE:SAIC)

Empowered Funds LLC lifted its stake in Science Applications International Co. (NYSE:SAIC) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,675 shares of the information technology services provider’s stock after purchasing an additional 487 shares during the quarter. Empowered Funds LLC’s holdings in Science Applications International were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after purchasing an additional 245,005 shares in the last quarter. Van ECK Associates Corp increased its holdings in Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after buying an additional 113,260 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares during the last quarter. American Century Companies Inc. lifted its stake in Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after acquiring an additional 28,304 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Science Applications International by 9.7% during 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 acquiring an additional 27,664 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

NYSE SAIC opened at $124.20 on Friday. The business’s fifty day moving average is $140.79 and its 200 day moving average is $130.34. Science Applications International Co. has a fifty-two week low of $112.00 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $6.15 billion, a PE ratio of 22.34 and a beta of 0.70.

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

Science Applications International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Barclays increased their price target 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. Wells Fargo & Company lifted 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. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price 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.