Cassaday & Co Wealth Management LLC Purchases 4,796 Shares of Science Applications International Co. (NYSE:SAIC)

Cassaday & Co Wealth Management LLC increased its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 59.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,834 shares of the information technology services provider's stock after acquiring an additional 4,796 shares during the period. Cassaday & Co Wealth Management LLC's holdings in Science Applications International were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC lifted its stake in Science Applications International by 124.1% in the third quarter. Quest Partners LLC now owns 1,840 shares of the information technology services provider's stock valued at $256,000 after acquiring an additional 1,019 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock worth $5,404,000 after buying an additional 10,326 shares in the last quarter. Empowered Funds LLC grew its position in Science Applications International by 11.6% during the 3rd quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider's stock worth $651,000 after acquiring an additional 487 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Science Applications International during the 3rd quarter worth $220,000. Finally, KBC Group NV raised its position in shares of Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider's stock worth $205,000 after acquiring an additional 196 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Science Applications International stock traded down $2.37 during mid-day trading on Monday, reaching $120.03. 789,760 shares of the company's stock were exchanged, compared to its average volume of 309,234. The firm has a market capitalization of $5.94 billion, a PE ratio of 21.39 and a beta of 0.70. 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 fifty day simple moving average is $142.06 and its 200 day simple moving average is $130.69. Science Applications International Co. has a one year low of $112.00 and a one year high of $156.34.

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 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is presently 26.62%.

Analyst Upgrades and Downgrades

SAIC has been the topic of several research analyst reports. 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 note on Thursday, October 10th. JPMorgan Chase & Co. upgraded 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 research report on Wednesday, October 2nd. Truist Financial raised their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, September 6th. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.