Science Applications International Co. (NYSE:SAIC) Stake Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Science Applications International Co. (NYSE:SAIC) by 31.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,832 shares of the information technology services provider’s stock after buying an additional 3,062 shares during the quarter. Advisors Asset Management Inc.’s holdings in Science Applications International were worth $1,787,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Larson Financial Group LLC acquired a new position in Science Applications International during the second quarter worth about $27,000. GAMMA Investing LLC grew its holdings in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp grew its holdings in 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 acquiring an additional 84 shares during the period. Finally, CWM LLC increased its stake in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of analyst reports. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Barclays raised their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Citigroup raised their price objective 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. Finally, Wells Fargo & Company raised their price objective 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. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $150.43.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $124.20 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $140.79 and its two-hundred day moving average is $130.32. The company has a market cap of $6.15 billion, a P/E ratio of 22.34 and a beta of 0.70. Science Applications International Co. has a 12 month low of $112.00 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC) last issued 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. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. On average, equities analysts expect that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders 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 dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

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.