Benjamin Edwards Inc. Takes $617,000 Position in Science Applications International Co. (NYSE:SAIC)

Benjamin Edwards Inc. acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,431 shares of the information technology services provider's stock, valued at approximately $617,000.

Several other large investors have also made changes to their positions in SAIC. Cetera Investment Advisers lifted its holdings in Science Applications International by 776.8% in the first quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider's stock valued at $2,474,000 after acquiring an additional 16,809 shares during the period. Cetera Advisors LLC acquired a new position in shares of Science Applications International during the 1st quarter worth approximately $497,000. CWM LLC grew 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 valued at $48,000 after acquiring an additional 147 shares during the period. SG Americas Securities LLC raised its position in Science Applications International by 16.3% during the second quarter. SG Americas Securities LLC now owns 10,845 shares of the information technology services provider's stock worth $1,275,000 after acquiring an additional 1,518 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Science Applications International by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider's stock valued at $485,000 after purchasing an additional 167 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 2.3 %

NYSE SAIC traded down $2.72 during trading hours on Friday, reaching $118.06. The company had a trading volume of 800,313 shares, compared to its average volume of 526,664. The stock has a 50-day moving average of $138.09 and a 200 day moving average of $129.37. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 1-year low of $112.00 and a 1-year high of $156.34. The stock has a market capitalization of $5.85 billion, a P/E ratio of 19.91 and a beta of 0.64.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 EPS. As a group, research analysts anticipate that Science Applications International Co. will post 8.57 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.25%. Science Applications International's payout ratio is 24.96%.

Analyst Ratings Changes

Several research firms recently weighed in on SAIC. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Barclays boosted their price target on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday. Truist Financial upped their price target on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company boosted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.