Systematic Financial Management LP Grows Stock Position in Science Applications International Co. (NYSE:SAIC)

Systematic Financial Management LP raised its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,005 shares of the information technology services provider's stock after acquiring an additional 19,446 shares during the quarter. Systematic Financial Management LP owned approximately 0.46% of Science Applications International worth $32,033,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Fifth Third Bancorp increased 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 worth $42,000 after acquiring an additional 84 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Science Applications International by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider's stock worth $2,240,000 after buying an additional 87 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Science Applications International by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider's stock valued at $878,000 after acquiring an additional 90 shares during the last quarter. CWM LLC grew 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 worth $48,000 after acquiring an additional 147 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Science Applications International by 1.1% during the second quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider's stock valued at $1,700,000 after purchasing an additional 152 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 down $2.60 during trading on Thursday, hitting $121.31. 845,654 shares of the company's stock were exchanged, compared to its average volume of 317,605. The business has a 50-day simple moving average of $138.80 and a 200-day simple moving average of $129.68. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 22.01 and a beta of 0.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Science Applications International Co. has a 52-week low of $112.00 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. On average, research analysts forecast that Science Applications International Co. will post 8.21 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced 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 was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. Science Applications International's payout ratio is currently 26.62%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SAIC. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, September 6th. UBS Group initiated coverage on shares of Science Applications International in a report on Monday. They issued a "neutral" rating and a $134.00 price target on the stock. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. upgraded shares of Science Applications International from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $147.13.

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.