7,568 Shares in Science Applications International Co. (NYSE:SAIC) Purchased by Versor Investments LP

Versor Investments LP purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,568 shares of the information technology services provider's stock, valued at approximately $1,054,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in Science Applications International during the second quarter worth $27,000. UMB Bank n.a. grew its position in shares of Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC boosted its stake in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after buying an additional 203 shares during the period. Fifth Third Bancorp boosted its stake in Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock valued at $42,000 after buying an additional 84 shares during the period. Finally, CWM LLC boosted its stake 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 buying an additional 147 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SAIC shares. JPMorgan Chase & Co. raised Science Applications International from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Citigroup boosted their price target on Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on Science Applications International from $122.00 to $157.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. 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. Finally, TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $150.43.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded down $0.77 on Tuesday, hitting $153.33. 258,587 shares of the company were exchanged, compared to its average volume of 294,412. Science Applications International Co. has a 1-year low of $112.00 and a 1-year high of $156.34. The stock's 50 day moving average price is $141.58 and its 200 day moving average price is $130.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $7.59 billion, a P/E ratio of 27.72 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, topping analysts' consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 0.97%. Science Applications International's dividend payout ratio is currently 26.62%.

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.