Sanctuary Advisors LLC Takes $2.96 Million Position in Science Applications International Co. (NYSE:SAIC)

Sanctuary Advisors LLC acquired a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,882 shares of the information technology services provider's stock, valued at approximately $2,963,000.

A number of other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Science Applications International during the 2nd quarter valued at $27,000. Parallel Advisors LLC lifted its position in shares of Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider's stock valued at $32,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares during the period. CWM LLC raised its holdings in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake in Science Applications International by 150.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider's stock worth $62,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research reports. TD Cowen increased their price target on Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Truist Financial lifted their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. Citigroup increased their target price on shares of Science Applications International from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. upgraded shares of Science Applications International from a "neutral" rating to an "overweight" rating and upped their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, StockNews.com upgraded Science Applications International from a "hold" rating to a "buy" rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus price target of $146.14.

Science Applications International Trading Down 1.2 %

SAIC stock traded down $1.68 during mid-day trading on Monday, reaching $143.96. The company had a trading volume of 162,720 shares, compared to its average volume of 300,315. 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 firm has a 50 day moving average of $130.53 and a 200 day moving average of $126.99. The company has a market capitalization of $7.13 billion, a PE ratio of 17.05 and a beta of 0.70. Science Applications International Co. has a 12 month low of $105.97 and a 12 month high of $145.97.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for 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 quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. On average, equities analysts predict that Science Applications International Co. will post 8.19 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, October 11th. Science Applications International's payout ratio is currently 17.33%.

Insider Buying and Selling at Science Applications International

In other news, EVP Michelle A. O'hara purchased 1,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company's stock, valued at approximately $3,952,646. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Science Applications International news, EVP James Joshua Jackson purchased 400 shares of the firm's stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michelle A. O'hara purchased 1,000 shares of the stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company's stock, valued at approximately $3,952,646. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,550 shares of company stock worth $184,319 over the last quarter. Insiders own 0.67% of the company's stock.

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.