Holocene Advisors LP Invests $2.01 Million in Science Applications International Co. (NYSE:SAIC)

Holocene Advisors LP purchased a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,400 shares of the information technology services provider's stock, valued at approximately $2,005,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after acquiring an additional 56,414 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Science Applications International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock worth $65,511,000 after purchasing an additional 25,807 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock worth $72,269,000 after purchasing an additional 6,780 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock worth $44,524,000 after buying an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider's stock valued at $36,887,000 after buying an additional 27,664 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Trading Down 2.3 %

Shares of Science Applications International stock traded down $2.72 during trading hours on Friday, hitting $118.06. The company's stock had a trading volume of 800,313 shares, compared to its average volume of 526,664. The firm has a fifty day moving average of $138.09 and a 200-day moving average of $129.43. 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 price-to-earnings ratio of 19.91 and a beta of 0.64. Science Applications International Co. has a twelve month low of $112.00 and a twelve month 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, 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 company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $2.05 earnings per share. Science Applications International's revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Science Applications International Co. will post 8.57 EPS for the current year.

Science Applications International Dividend Announcement

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

Wall Street Analyst Weigh In

SAIC has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of Science Applications International from $147.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup upped their price target on Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a report on Monday, September 16th. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, UBS Group started coverage on Science Applications International in a research note on Monday, December 2nd. They issued a "neutral" rating and a $134.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and an average target price 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.