Science Applications International Co. (NYSE:SAIC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 518,915 shares of the information technology services provider's stock after acquiring an additional 6,780 shares during the period. Charles Schwab Investment Management Inc. owned 1.05% of Science Applications International worth $72,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SAIC. Fifth Third Bancorp increased its position in shares of 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 valued at $42,000 after acquiring an additional 84 shares during the period. Cetera Investment Advisers increased its holdings in shares of Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider's stock valued at $2,240,000 after purchasing an additional 87 shares during the period. Bank of Montreal Can raised its stake in shares of Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider's stock worth $878,000 after purchasing an additional 90 shares during the last quarter. CWM LLC lifted its holdings in shares of Science Applications International by 56.8% during the second 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 period. Finally, Arizona State Retirement System boosted its position in Science Applications International by 1.1% in the second quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider's stock valued at $1,700,000 after buying an additional 152 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

Shares of SAIC stock traded up $0.96 on Friday, reaching $124.25. 219,179 shares of the company were exchanged, compared to its average volume of 314,325. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 22.17 and a beta of 0.70. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The business has a 50-day moving average price of $139.82 and a 200 day moving average price of $130.05. 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 (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Equities research analysts forecast that Science Applications International Co. will post 8.21 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is 26.62%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAIC. Wells Fargo & Company upgraded shares of Science Applications International from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $157.00 to $147.00 in a research note on Tuesday. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a report on Thursday, October 10th. StockNews.com cut Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. TD Cowen lifted their price target on Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Finally, Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $149.00.

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.