Farther Finance Advisors LLC Grows Stake in Science Applications International Co. (NYSE:SAIC)

Farther Finance Advisors LLC grew its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 30,868.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,955 shares of the information technology services provider's stock after buying an additional 4,939 shares during the quarter. Farther Finance Advisors LLC's holdings in Science Applications International were worth $690,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of Science Applications International by 47.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,237 shares of the information technology services provider's stock worth $1,596,000 after purchasing an additional 3,935 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Science Applications International in the 1st quarter worth about $372,000. Choreo LLC bought a new stake in shares of Science Applications International during the 1st quarter valued at about $220,000. GSA Capital Partners LLP bought a new stake in shares of Science Applications International during the 1st quarter valued at about $468,000. Finally, Empowered Funds LLC bought a new position in Science Applications International in the first quarter worth about $1,069,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of Science Applications International stock traded up $0.26 during trading on Wednesday, hitting $149.16. 465,208 shares of the company's stock traded hands, compared to its average volume of 294,470. Science Applications International Co. has a 1 year low of $109.46 and a 1 year high of $156.34. The business has a 50-day simple moving average of $140.28 and a 200-day simple moving average of $129.94. 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 stock has a market capitalization of $7.39 billion, a P/E ratio of 26.83 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.19. The company 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 firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 earnings per share. As a group, analysts forecast that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is presently 26.62%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays upped their target price 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. Citigroup raised their price objective 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. TD Cowen upped their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price target on shares of 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. Finally, JPMorgan Chase & Co. raised shares of Science Applications International from a "neutral" rating to an "overweight" rating and raised their target price for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $150.43.

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.