Bank of Montreal Can Purchases 8,617 Shares of Science Applications International Co. (NYSE:SAIC)

Bank of Montreal Can grew its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 116.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,042 shares of the information technology services provider's stock after purchasing an additional 8,617 shares during the period. Bank of Montreal Can's holdings in Science Applications International were worth $2,210,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in Science Applications International during the second quarter valued at $27,000. UMB Bank n.a. raised its position in 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 buying an additional 171 shares during the period. GAMMA Investing LLC raised its position 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 valued at $40,000 after buying an additional 203 shares during the period. Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC increased its position 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 during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Down 2.3 %

Shares of NYSE SAIC traded down $2.72 during mid-day trading on Friday, reaching $118.06. 800,260 shares of the company traded hands, compared to its average volume of 320,764. 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 stock has a market cap of $5.85 billion, a PE ratio of 21.31 and a beta of 0.64. The company's fifty day moving average is $138.48 and its two-hundred day moving average is $129.62. Science Applications International Co. has a fifty-two week low of $112.00 and a fifty-two week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating 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 the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Science Applications International Co. will post 8.21 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International's payout ratio is 26.62%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SAIC shares. UBS Group started coverage on Science Applications International in a research report on Monday. They issued a "neutral" rating and a $134.00 target price on the stock. Citigroup upped 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. StockNews.com lowered Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $145.25.

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.