UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $17.68 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 5.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,952 shares of the information technology services provider's stock after selling 7,873 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Science Applications International worth $17,681,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC bought a new position in shares of Science Applications International in the third quarter valued at approximately $254,000. BNP Paribas Financial Markets boosted its stake in Science Applications International by 79.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider's stock valued at $1,535,000 after purchasing an additional 4,866 shares in the last quarter. Bank of Montreal Can increased its position in shares of Science Applications International by 116.1% during the 3rd quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider's stock valued at $2,210,000 after purchasing an additional 8,617 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock worth $72,269,000 after buying an additional 6,780 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Science Applications International in the third quarter valued at $206,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Trading Down 2.3 %

Science Applications International stock traded down $2.72 during midday trading on Friday, reaching $118.06. The stock had a trading volume of 800,313 shares, compared to its average volume of 526,664. The firm's fifty day simple moving average is $138.09 and its two-hundred day simple moving average is $129.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International Co. has a twelve month low of $112.00 and a twelve month high of $156.34. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 19.91 and a beta of 0.64.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during 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%. Science Applications International's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. Equities analysts anticipate that Science Applications International Co. will post 8.57 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAIC shares. TD Cowen boosted their price target 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. StockNews.com lowered shares of Science Applications International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday. Truist Financial increased their price objective 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. Finally, Barclays lifted 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Science Applications International presently has a consensus rating of "Hold" and a consensus price target of $145.25.

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.