International Assets Investment Management LLC Raises Position in Science Applications International Co. (NYSE:SAIC)

International Assets Investment Management LLC increased its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 36,732.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,672 shares of the information technology services provider's stock after buying an additional 245,005 shares during the period. International Assets Investment Management LLC owned 0.50% of Science Applications International worth $34,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in Science Applications International by 122.7% during the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider's stock valued at $24,168,000 after purchasing an additional 113,260 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Science Applications International by 5.4% during 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 during the period. Sei Investments Co. boosted its stake in shares of Science Applications International by 53.9% in the 1st quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider's stock worth $11,284,000 after buying an additional 30,325 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of 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 worth $44,524,000 after acquiring an additional 28,304 shares during the period. Finally, AQR Capital Management LLC increased its position in Science Applications International by 9.7% during 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 last quarter. Institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of recent research reports. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Science Applications International from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Citigroup increased their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. TD Cowen boosted their price objective on shares of 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, Wells Fargo & Company lifted their target price on Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $150.43.

Science Applications International Price Performance

NYSE:SAIC traded up $1.82 on Tuesday, reaching $146.65. 249,531 shares of the company's stock traded hands, compared to its average volume of 295,082. The stock has a 50-day simple moving average of $138.07 and a 200-day simple moving average of $129.01. Science Applications International Co. has a 12 month low of $106.59 and a 12 month high of $148.65. The firm has a market cap of $7.26 billion, a PE ratio of 17.17 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

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 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. Equities research analysts forecast that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The business 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. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is presently 17.33%.

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.