Martingale Asset Management L P Sells 86,375 Shares of Science Applications International Co. (NYSE:SAIC)

Martingale Asset Management L P trimmed its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 63.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,481 shares of the information technology services provider's stock after selling 86,375 shares during the quarter. Martingale Asset Management L P owned about 0.10% of Science Applications International worth $7,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock worth $34,215,000 after purchasing an additional 245,005 shares during the period. Van ECK Associates Corp grew its stake in shares of Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider's stock valued at $24,168,000 after buying an additional 113,260 shares during the period. Dimensional Fund Advisors LP increased its position in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock valued at $130,333,000 after buying an additional 56,414 shares in the last quarter. American Century Companies Inc. grew its stake in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock valued at $44,524,000 after acquiring an additional 28,304 shares during the period. Finally, AQR Capital Management LLC grew its stake in 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 acquiring an additional 27,664 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of Science Applications International stock traded up $0.96 during trading hours on Friday, hitting $124.25. 219,182 shares of the company's stock traded hands, compared to its average volume of 314,325. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.35 and a beta of 0.70. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day simple moving average of $139.60 and a 200-day simple moving average of $129.98.

Science Applications International (NYSE:SAIC - Get Free Report) last posted 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. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. Equities research analysts anticipate that Science Applications International Co. will post 8.21 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International's dividend payout ratio is 26.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SAIC shares. StockNews.com cut Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Science Applications International from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Truist Financial boosted their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Wells Fargo & Company upgraded Science Applications International from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $157.00 to $147.00 in a report on Tuesday. Finally, Barclays upped their price target on Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.00.

Science Applications International 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.