Horizon Kinetics Asset Management LLC Lowers Position in Science Applications International Co. (NYSE:SAIC)

Horizon Kinetics Asset Management LLC trimmed its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 402,965 shares of the information technology services provider's stock after selling 5,241 shares during the period. Science Applications International makes up approximately 0.8% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 15th largest position. Horizon Kinetics Asset Management LLC owned about 0.81% of Science Applications International worth $56,121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SAIC. Larson Financial Group LLC acquired a new stake in Science Applications International in the second quarter valued at about $27,000. UMB Bank n.a. boosted its stake in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp lifted its stake 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 valued at $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC boosted its position in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after buying an additional 147 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SAIC shares. Barclays upped 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 report on Monday, September 16th. JPMorgan Chase & Co. upgraded Science Applications International from a "neutral" rating to an "overweight" rating and increased their target price for the company from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Truist Financial boosted their price target on 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 lowered shares of Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Citigroup boosted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $150.43.

Science Applications International Stock Down 1.6 %

NYSE:SAIC traded down $1.98 during trading hours on Monday, reaching $122.22. The company had a trading volume of 544,466 shares, compared to its average volume of 313,912. Science Applications International Co. has a twelve month low of $112.00 and a twelve month high of $156.34. 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 firm has a market cap of $6.05 billion, a price-to-earnings ratio of 16.19 and a beta of 0.70. The business's 50-day simple moving average is $140.79 and its two-hundred day simple moving average is $130.32.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts expect that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.21%. Science Applications International's payout ratio is 26.62%.

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.