Assetmark Inc. Grows Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Assetmark Inc. raised its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,508 shares of the information technology services provider's stock after buying an additional 3,931 shares during the period. Assetmark Inc. owned about 0.45% of Science Applications International worth $31,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Forum Financial Management LP purchased a new stake in shares of Science Applications International during the third quarter worth $204,000. Van ECK Associates Corp raised its position 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 acquiring an additional 44,990 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider's stock worth $690,000 after buying an additional 4,939 shares during the last quarter. Fonville Wealth Management LLC purchased a new position in shares of Science Applications International in the 3rd quarter valued at $203,000. Finally, State of Alaska Department of Revenue lifted its position in Science Applications International by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 20,949 shares of the information technology services provider's stock valued at $2,917,000 after acquiring an additional 295 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Up 2.0 %

NYSE SAIC traded up $3.03 during trading hours on Friday, hitting $151.97. 400,067 shares of the company's stock were exchanged, compared to its average volume of 239,917. The business's 50 day moving average is $141.11 and its 200-day moving average is $130.27. 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 Co. has a 12-month low of $109.46 and a 12-month high of $156.34. The firm has a market capitalization of $7.53 billion, a P/E ratio of 27.33 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm posted $2.05 EPS. The company's revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is currently 26.62%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SAIC shares. TD Cowen increased their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. StockNews.com cut shares of 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 company an "equal weight" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upgraded shares of Science Applications International from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $150.43.

Science Applications International 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.